Details about Ethereum PoS on DigiFinex cryptocurrency
€389,971
0
Unknown
https://www.digifinex.com/en-ww
@digifinex
Ethereum PoS on DigiFinex price charts
ETHS exchanges
Ethereum PoS on DigiFinex, the crypto
Ethereum PoS on DigiFinex (ETHS) is a cryptocurrency that runs on the Ethereum platform and uses a proof-of-stake (PoS) consensus algorithm. This means that instead of validating transactions through mining, validators (also known as stakers) are chosen based on the amount of ETHS they have staked or locked up in the network.
The point
The main point of Ethereum PoS on DigiFinex (ETHS) is to improve the scalability, efficiency and security of the Ethereum network while reducing its carbon footprint. By implementing a PoS consensus algorithm, the Ethereum network can decrease its energy consumption by over 99% compared to traditional proof-of-work (PoW) systems.
The problem
Ethereum PoS on DigiFinex (ETHS) tries to solve the problem of scalability and energy consumption in the Ethereum network. As the popularity of Ethereum and other cryptocurrencies continues to increase, so does the demand for faster, more efficient and secure networks. A PoS consensus algorithm addresses these issues by enabling faster processing times, reducing energy consumption and allowing more users to participate in the network while maintaining its security.
Compare ETHS and BTC performance
| Timeframe | ETHS | BTC |
|---|---|---|
| 1h change | -0.489261 % | 0.275037 % |
| 24h change | 0.04 % | 1.05511 % |
| 7 day change | -11.55 % | 1.71708 % |
| 14 day change | 0 % | -7.61859 % |
| 30 day change | 0 % | -6.80856 % |
| 200 day change | 0 % | 129.346 % |
| Year change | 0 % | 139.298 % |