Ethereum’s Vitalik Buterin Promises That Proof Of Stake Will Improve Security And Scalability

Updated : 2019-10-10T02:08:18

At Devcon 5 in Osaka, Japan, Ethereum Co-founder Vitalik Buterin gave a keynote address and spoke about the plan to move to a proof-of-stake consensus algorithm over the next few years. In his comments, Buterin said that the new consensus algorithm will make the network safer and more expensive to attack.

While the roadmap suggests that it will take a few years, Buterin insisted that the transition will be worth it, both in terms of scalability and security.