Ethereum Plans to Cut Its Energy Consumption by 99 Percent
> To make their intentions clear, Ethereum’s core developers reprogrammed their PoW code to create an exponential rise in mining difficulty. Known as the “Difficulty Bomb,” it began slowing the creation of new transaction blocks in late 2016 and was expected to bring ether mining to a grinding halt a few years thereafter.> This time bomb has, however, functioned more like an alarm clock with a snooze button. In October 2017, when mining time had already nearly doubled to 30 seconds, the Ethereum team reset the clock, delaying PoW’s doomsday by about 12 months. And they will likely hit snooze again shortly.
How can Ethereum be decentralized if they can so easily keep changing it?> In June, they decided to make a clean break and to build an entirely new blockchain—one that operates solely via PoS.How can Ethereum be decentralized if they can so easily keep changing it?I'm a total dilettante in crypto but if something is decentralized you can't make large-scale changes to it at the drop of a hat.Imagine how much coordination effort it takes to change TCP/IP or HTTP.