It is just arbitrarily burning electricity. The security comes because people see a hashed sequence of blocks and agree on them, not because of the extra work done. Proof of stake and a trusted broker with an open book would do equally well to producing a consistent verifiable ledger.
Ethereum runs fine on proof-of-stake, and choosing not to be decentralized is another way of accomplishing pretty much the same tasks without needing to waste a huge amount of electricity.
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It is just arbitrarily burning electricity. The security comes because people see a hashed sequence of blocks and agree on them, not because of the extra work done. Proof of stake and a trusted broker with an open book would do equally well to producing a consistent verifiable ledger.
Removed by mod
Ethereum runs fine on proof-of-stake, and choosing not to be decentralized is another way of accomplishing pretty much the same tasks without needing to waste a huge amount of electricity.
Removed by mod
The shift to proof-of-stake basically eliminated Ethereum’s emissions.
Removed by mod