Ethereum has moved to center stage in the crypto universe over the past year because of DeFi and NFTs and has come to a critical juncture in its relatively early life. With increased adoption and usage, topics such as energy usage and transaction efficiency and throughput has always been open questions for the Ethereum and crypto community.
In our second podcast episode, Tony and I explore the coming switch of Ethereum from using Proof of Work to using Proof of Stake. We explore the advantages and disadvantage of both POW and POS protocols and well as diving into impacts to markets. We hope you enjoy this episode.
Full show notes:
(2:15) – What is Ethereum?
(3:34) – Bitcoin Smart Contracts
(5:52) – What is Proof of Work & Advantages
(7:28) – Mining Limitation & Strengths
(9:00) – Downsides to Proof of Work
(12:48) – What is Proof of Stake?
(15:23) – Costs Associated with POW and POS – Energy & Hardware
(17:57) – Ethereum Staking and Pools
(21:22) – Downsides & Vulnerabilities of Proof of Stake
(22:23) – Impacts to Ethereum Price & Markets
(26:18) – Risks of Moving to Proof of Stake
(32:00) – Conspiracy Theories and Multiverse Theories
(33:28) – Past “Ethereum Killers”
(34:52) – Solidity and its Downsides
(36:56) – Future Considerations
(39:22) – What to do with Tony’s Graphics Cards
SUBSCRIBE, RATE & REVIEW!
Apple Podcasts: https://podcasts.apple.com/us/podcast/the-crypto-scrubs-podcast/id1614585811
Spotify: https://open.spotify.com/show/0DXUIjUuvSVWfQegCm684I
Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL2NyeXB0b3NjcnVic3BvZGNhc3QvZmVlZC54bWw
Stitcher: https://www.stitcher.com/show/the-crypto-scrubs-podcast
FOLLOW US ON SOCIAL MEDIA:
Twitter: @cryptoscrubspod – @realgalin – @WithCoinFi
Instagram: @cryptoscrubspodcast
Discord: https://discord.gg/VmVs8B7YcY
Email: cryptoscrubspodast@gmail.com
Disclaimer:
Do your own due diligence and research. Tony Chang and Galin Ma are NOT financial advisors. We aim to be transparent in our views and avoid any hype and ”pump and dump” schemes. Any discussion we do have are exploratory and are meant to be learning only.
The Crypto Scrubs Podcast 