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Bitcoin vs Ethereum
The system also discourages bad actors with financial penalties. Proof of work requires validators to solve complex math problems. They compete for the chance to be chosen to validate a new batch of transactions and add them to the blockchain, earning a set amount of crypto in the process. https://www.tokenexus.com/what-is-bitcoin-halving/ Bitcoin uses the proof of work mechanism, while Ethereum is moving toward a proof of stake consensus mechanism. The chart below shows official data on the real-time changes in the number of ETH coins deposited in the Ethereum Proof-of-Stake (PoS) Beacon Chain smart contracts. Blockchain Applications Established coins like Ethereum and Bitcoin also have the major advantage of being accepted on a wide range…