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this post was submitted on 18 Mar 2024
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Technology
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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.
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.
How many etherium transactions are able to be processed in one second? Still just 30?
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.