What will be the end date for Ethereum's proof-of-work consensus algorithm?

3 answers

• Dec 29, 2021 · 3 years ago
  The end date for Ethereum's proof-of-work consensus algorithm has not been officially announced yet. However, there have been discussions within the Ethereum community about transitioning to a proof-of-stake consensus mechanism. This transition is expected to happen in the near future, but the exact timeline is uncertain.
  323162
• Dec 29, 2021 · 3 years ago
  Ethereum's proof-of-work consensus algorithm is likely to be replaced by a proof-of-stake mechanism in the coming years. This transition is part of Ethereum's long-term roadmap to improve scalability and energy efficiency. By moving away from proof-of-work, Ethereum aims to reduce its environmental impact and increase transaction throughput.
  343115
• Dec 29, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, Ethereum's proof-of-work consensus algorithm will be phased out gradually over the next few years. The exact end date will depend on the successful implementation and adoption of Ethereum 2.0, which introduces the proof-of-stake mechanism. Once Ethereum 2.0 is fully operational, the proof-of-work algorithm will no longer be used for block validation.
  407102