A major shift is underway in cryptocurrency and distributed ledger technology. Networks using proof-of-stake, or PoS, consensus mechanisms are picking up steam amid concerns over power consumption and scalability issues associated with networks using proof-of-work, or PoW, consensus mechanisms.

Importantly, the Ethereum network, the second largest crypto network by market capitalization, is currently working toward a transition from PoW to PoS.

Click here to view the full article