this post was submitted on 11 Mar 2025
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[–] ObviouslyNotBanana@lemmy.world 5 points 6 months ago (57 children)

What is an "Ethereum"? Some sort of subscription?

[–] vga@sopuli.xyz 7 points 6 months ago* (last edited 6 months ago) (14 children)

It's a pretty old cryptocoin: initally released back in 2015, and a significant change deployed in 2022. It was then when they changed from proof-of-work to proof-of-stake, which basically means that they don't use mining anymore to keep the network running. They use like 1% of energy compared to PoW coins.

Also they have some smart contract capabilities which I suppose Ethereum people think are important. But I've never seen any practical use for that stuff.

Still, I think Eth is one of the cryptos that actually tries to be useful and efficient in some way and not just a stupid pump and dump scheme. Turns out, nobody gives a fuck about that, perhaps?

[–] ObviouslyNotBanana@lemmy.world 1 points 6 months ago (2 children)

Haha yeah I made this comment mostly to see if I could meme some anger out of someone. Got some nice explanations though.

[–] vga@sopuli.xyz 1 points 6 months ago (1 children)
[–] ObviouslyNotBanana@lemmy.world 2 points 6 months ago

Not like it was obvious lol

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