Ethereum Change Towards The GPU -Friendly Protocol: A Line of Change Timeline
In recent Times, A Significant Change in The Ethereum Network Has LED to the Increase in the Adoption of its Underlying Protocol, Specifically When It Comes to Taking Advantage of the Power of Graphic Processing Units (GPUS) For Cryptocurrency Transactions. Litecoin, One of the Most Widely Used Altcoins, Has Undergone Substantial Changes to Become More Friendly to the GPU, Making it an Attractive Option for Miners and Users.
The Origins of the Problem: Work Proof (POW)
Before we dive into the changes, we will be explored letterly why this change was necessary. The Ethereum Network, launched in 2015 by Vitalik Buterin, Uses a Work Proof Consensus Algorithm to Protect and Validate Transactions. Althegh Pow has provid excellent Safety and Scalability for the Network, IT Comes with Some Disadvantages.
GPU Friendly Protocol: A New Mining Era
The Main Issue of Ethereum’s Current Protocol is that its mining Process Depends a Lot on the Hash Rate Required to Resolve Complex Mathematicians (POW). However, This Increase in Hash Rate Demand Results in Higher Energy Consumption and Greater Environmental Impact. To Mitigate these Concerns, The Team Behind Ethereum Decided to Transition to a Proof of Participation Consensus Algorithm (POS).
GPU Friendly Changes:
In 2021, The Ethereum Foundation Announced that it would be present Changes to accommodate GPU -Friendly Protocol Resources. The Following Main Updates Were Implemented:
* Proof of Participation (POS) : In February 2021, The Team Announced Their Decision to Change Work Proof to a Consensus Algorithm Called Stake Proof (POS). POS ALLOWS VALIDATIONS TO BET ON THEIR CURRencies to Protect Transactions and Maintain Network Stability.
* Increased hash Rate: to compensate for increased energy consumption due to higher pow Mining demand, The Ethereum Team Implemented a new hash rate strategy. By introducing a second safety layer at the top of the test participation consensus algorithm (POS), Validators can increase their chans of Being Chosen to Validate Transactions.
The Impact:
Since Changing GPU -Friendly Protocol Resources, Litecoin HAS had significant improvements in its mining efficiency and energy consumption. This change was particularly welcome to the miners who previously fought with high electricity costs associated with mining processes based on prisoners of war.
In Conclusion, The Ethereum Team’s Decision to Transition from the Work Test (POW) to a proof of participation consensus Algorithm (POS) LED to the Increase in Friendship with GPU in the Network. The Introduction of New Security Measures and Protocol Changes HAS Improved Scalability, Energy Efficiency and General Sustainability for the Ethereum Ecosystem.
Other Altcoins Will Follow the Example?
The Success of the Litecoin GPU Friendly Transition Serves As Proof of Evolving Needs and Priorities in The Cryptocurrency Space. As Most Altcoins Consider Adopting Similar Approaches, It Will Be Fascinating to Observe Their Impact on the Broader Ecosystem.
Altheghyh some May Argue That Other Consensus Algorithms, Such as proof of delegate Participation (DPOS) or Byzantine Failure Tolerance (BFT), Could sacrifice Improved Safety and Scalability Alternatives, the Doubt of the Ethereum Team Teamt , It has been established a new Standard for Insurance, Scalable, and Sustainable Cryptocurrency Networks.
