Too Long; Didn't Read
On September 15, 2022, the second largest crypto in the world, Ethereum, successfully transitioned to a proof-of-stake (PoS) consensus algorithm via the Merge update. This blog will take an unbiased look at both PoW and PoS algorithms. PoW prevents double-spending attacks, but PoS makes forking extremely expensive and impractical. In 2012, Peercoin became the first coin to implement PoS, and several other cryptocurrencies like Alano, Cardano and Cardano have started opting for PoS.