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What significant problem is Ethereum trying to solve with its upgrade?

  • Speed

  • Hackability

  • Energy Consumption

  • User Interface

Answer

The Ethereum upgrade is attempting to address the significant problem of energy consumption. The upgrade, known as Ethereum 2.0, is designed to transition the network from a proof-of-work consensus mechanism to a proof-of-stake consensus mechanism. This transition is expected to reduce the energy consumption of the Ethereum network by over 99%.
Vitalik Buterin: Unraveling the Genius Behind Ethereum

Vitalik Buterin: Unraveling the Genius Behind Ethereum

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