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Research: Ethereum’s new economic model not ‘lucrative enough’ to keep it secure


There’s a monumental shift planned for the second largest cryptocurrency by market cap. Ethereum is edging closer to its new consensus algorithm, which promises to fix the platform’s scalability and transaction throughput bottlenecks – but a new industry report claims it might not work. Currently, Ethereum is much like Bitcoin in that anyone can join the network by simply contributing computing power to ensure transactions are legit (Proof-of-Work). But its developers have been gearing up to revamp how the network selects and rewards those who keep the blockchain trustworthy and secure. Ethereum holders will instead be able to use the weight of their balances to vote…

This story continues at The Next Web

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