Claims to be a 3rd generation crypto (1st - bitcoin aka digital gold, 2nd - Ethereum, programable money). It is based on peer-reviews papers and solves 3 problems:
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ETH biggest problems is the low transactions per second:
Each blockchain block contains:
An alternative to proof-of-work (the method of reaching consensus used by bitcoin). Instead of having miners using powerful hardware to mine, we have validators.
It uses less energy, more people can participate but brings additional risks (attacks, etc). It's the future of ether and implemented in Cardano.
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