Ethereum’s electricity consumption
<p>One of the main differences between the two blockchains is their security consensus. While Bitcoin needs electricity to be secure, Ethereum only needs, well, itself. In fact, on that point, Ethereum is much closer to our traditional payment methods for which lectricity is not a central need. Its consumption can be decreased as much as we want, as long as the job is done.</p>
<p>The consensus mechanism employed by Ethereum is referred to as “Proof of Stake”. In essence, the network is managed and safeguarded through a voting system. The influence of the votes depends on the quantity of ether the voters stake as collateral. Note that voters are called nodes. If the majority of the network determines that a node has engaged in wrongdoing, such as attempting fraudulent alterations of the network, its collateral will be confiscated. The system is designed to align the interests of the voters with the correct operation of the network. Additionally, the only electricity consumption is attributed to the operation of the nodes.</p>
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