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RE: ETHEREUM AND PRIVACY - Metropolis - New changes coming - What to Expect?

in #ethereum7 years ago (edited)

Great to see we are moving away from Proof of Work and more towards Proof Of Stake. The reason I like Proof Of Stake as it is more resilient to a 51% attack. On Proof Of Work an attacker would significantly slow down the ETH as well as to revert the attack it will take a lot of resources which PoS doesn't take up.

I guess it is time to save some resources as bitcoin and ETH already use a tremendous amount of energy and maybe when blockchain technology becomes the next big thing we may use more energy than we have.

It is true that many people think that BTC and ETH are anonymous but I guess that would be more of a red herring as you can still trace where transactions are going due to how transparent the system is. I can't wait to see the Zero Know Proofs in action @surfyogi