Kelly Jackson
@Kelly.Jackson · Posted 19 Jan. 2022
Liam Davis
@Liam.Davis · Updated 19 Jan. 2022
CPU mining is becoming obsolete with the advent of Ethereum mining. Before GPUs, CPUs were the best way to mine coins like Ethereum and Bitcoin. However, mining with a CPU now is much less profitable. Today’s GPUs can mine Ethereum much faster and more efficiently than CPUs. Ethereum, a decentralized platform where applications run as programmed without any interference. Decentralized applications are fully trustless, transparent, and secure by design. This makes them ideal for applications that previously required a central authority or third party to perform critical functions.
Alfred Evans
@Alfred.Evans · Updated 19 Jan. 2022
Ethereum is a cryptocurrency that is different from Bitcoin in many ways. It is like Bitcoin, but it is also a platform for building decentralized applications. Ethereum was designed to be a faster, cheaper, and more efficient way to run applications than what is possible with Bitcoin. Bitcoin can process only three transactions per second, whereas Ethereum can process more than 15,000 transactions per second. Ethereum is more programmable and versatile than Bitcoin. It is also more difficult to mine because the required computing power to mine Ethereum is orders of magnitude greater than Bitcoin. However, unlike Bitcoin, which uses SHA-256, Ethereum uses its custom proof-of-work algorithm called Ethash. Because of this, mining Ethereum is far more complex than mining Bitcoin.
Lily Campbell
@Lily.Campbell · Updated 19 Jan. 2022
Ethereum is a decentralized platform that runs smart contracts: virtual machines that run applications code without the need for a central server. Because there is no central server, there is no censorship and no third party can shut down or control your application. This makes Ethereum an ideal platform for creating a truly decentralized Internet. You can run a fully functioning online store or social network with Ethereum, all without needing a traditional database or hosting. Ethereum’s smart contract functionality makes it an ideal platform for creating and running applications that run on its blockchains, such as a social network, an identity system, or a self-sovereign data platform.