Ethereum is the second most valuable blockchain in the world today, and has now completed its long-awaited upgrade.
This upgrade changes the blockchain from PoW (Proof-of-Work) to PoS (Proof-of-Stake). It also simultaneously allows energy consumption by him to be reduced at a very drastic rate compared to before - up to 99%.
With this change, it also changes how a mining process is done. Previously, Ethereum required mining with verification done through a number of computers that performed calculations and solved formulas – adding new blocks when a solution was successful.
However, with this new step, it makes a difference, not requiring as much energy as before – and making Ethereum more environmentally friendly than before. It now uses the concept of staging, and offers them to be "validators" with new results.
With the new PoS method, the rate of new cryptocurrencies produced will also be somewhat reduced, in addition to requiring those who wish to become "validators" to not use their tokens for a period of time. This also limits the circulation of the cryptocurrency in the market – and may lead to an increase in its value.