The Block Crypto News19 minutes ago

Published on April 26, 2024 16:40 GMT+00:00edited on April 26, 2024 16:44 GMT+00:00

Ethereum co-founder Vitalik Buterin responded to comments about Ethereum's transition to a proof-of-stake (PoS) from a proof-of-work (PoS) consensus system. 

Users had noted on social media platform X that numerous Ethereum community members wished the network stayed with PoW instead of PoS. That sentiment received pushback from the man who first proposed the creation of Ethereum in 2013 at the age of 19. 

"PoW was also quite centralized," Buterin responded. "It was just not talked about as much, because everyone knew it was only a temporary stage until PoS. And that doesn't even get into how we probably mostly avoided ASICs only because the upcoming PoS switch meant no incentive to build them."

Buterin included a pie chart of Ethereum PoW mining pools, showing the now closed