There’s a monumental shift planned for the second largest cryptocurrency by market cap. Ethereum is edging closer to its new consensus algorithm, which promises to fix the platform’s scalability and transaction throughput bottlenecks – but a new industry report claims it’s just not going to work. Currently, Ethereum is much like Bitcoin in that anyone can join the network by simply contributing their computing power to ensure transactions are legit (Proof-of-Work). Its developers are set to revamp how the network selects and rewards those who keep the blockchain trustworthy and secure. Ethereum holders will instead be able to use the weight of their balances to…
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Research: Ethereum’s new economic model not ‘lucrative enough’ to keep it secure
Source: The Next Web
