Ethereum will eventually move from mining, aka 'proof of work', to generate income to 'proof of stake'.
In proof of stake, people will stake their ethereum, essentially using it as collateral, to guarantee validity of blockchain calculations, and will earn a fee for doing so.
So ethereum mining will eventually end and will be replaced with staking.
I don't really understand it that well.
In proof of stake, people will stake their ethereum, essentially using it as collateral, to guarantee validity of blockchain calculations, and will earn a fee for doing so.
So ethereum mining will eventually end and will be replaced with staking.
I don't really understand it that well.
.