Marius van der Wijden of Ethereum Foundation – discover on Industry Insights

Industry Insights: The Merge - Summary and Outlook from a Core Developer

Industry Insights: The Merge - Summary and Outlook from a Core Developer

The Merge. What is Proof-of-Stake? How does it work? Proof-of-stake provides three key benefits. The first is sustainability. Proof-of-Stake reduces the energy consumption of Ethereum by 99.95%. You can now stake from home, with a small machine, or even with your laptop. The second point is security. Proof-of-Stake allows for direct economic security. The third one is decentralization. Proof-of-Stake does not suffer from the same economies of scale as Proof-of-Work.

 

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About the lecturer

Marius van der Wijden recently completed his master's degree with very good grades at TU Darmstadt, where he already graduated with a bachelor's degree. His interest in blockchain developed early on, so he was active at several companies as a developer and even as a co-founder. Since April 2020, he is a software developer at Ethereum.

LinkedIn profile of Marius van der Wijden


 

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