In the near future ethereum plans to switch from proof of work pow based mining to proof of stake pos mining while both pow and pos are algorithms for reaching consensus on the blockchain they go about it in different ways. Proof of stake ethereum explained ethereum is set to undergo a hard fork to implement proof of stake mechanism for all transactions here is a short summary of what this entails. When new tech and dated policies collide a conversation with vitalik buterin duration 1913 centre for international governance innovation 75225 views. You need to prove how much ethereum you own you do this with something called a master node when you create a master node you have to lock up a certain amount of ethereum to prove that you have it and rewards are distributed according to how much proof of stake you have. In this post we will talk about the proof of stake algorithm which will come with the casper protocol to the ethereum blockchain first i will explain some basics about ethereum and the proof of
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