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Kichae@lemmy.ca 7 months agoAnd people continue to mock cryptocurrencies.
And rightfully so. They’ve demonstrated their lack of worth as an actual medium of trade, and have wasted an alarming amount of electricity, while pumping an unconscionable amount of carbon into the atmosphere for jack-fucking-shit.
FaceDeer@fedia.io 7 months ago
Ethereum, the number-two cryptocurrency, has been using proof-of-stake consensus since 2022. As a result it no longer uses significant amounts of electricity. Bitcoin's still stuck with proof-of-work, but if you want to mock cryptocurrency as a whole you need to update your talking points.
kandoh@reddthat.com 7 months ago
How many etherium transactions are able to be processed in one second? Still just 30?
FaceDeer@fedia.io 7 months ago
Currently it's handling about 140 TPS. The Dencun upgrade to Ethereum that just went live a couple of days ago adds a new feature, data blobs, that lets this go significantly higher at reduced cost.