Ethereum just made a big change for the better. This is why Bitcoin probably won’t follow suit.
Proof-of-work, unlike proof-of-stake, is basically a high-stakes math lottery. Computers around the world compete to be the first to guess the answer to an exceptionally difficult cryptographic equation. The first to do it gets to add the next block to the blockchain—and is paid in cryptocurrency for their trouble.
While Bitcoin has used proof-of-work to secure its blockchain for 15 years, proof-of-stake has never been tested at the scale it is now. Post-Merge, Catalini says, “The long term viability and security of proof-of-stake is going to be a continuous experiment.” If the Ethereum blockchain remains as secure as it was under proof-of-work, that will be a major win for the community. One drawback is that it is, at least theoretically,There are other issues with proof-of-stake too.
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