Bitcoins and Ether: A Spot of Bother?

Bitcoin, as any fellow with a passing interest in these things will tell you, is mined using a process called “proof-of-work,” a rather energetic undertaking involving powerful computers solving cryptographic puzzles. It’s a bit like asking a team of industrious badgers to decipher a particularly fiendish crossword, really. Ethereum, on the other hand, has undergone a transformation, moving from proof-of-work to the more economical “proof-of-stake” system in 2022, during something called “The Merge.” It can no longer be mined, but one can “stake” it – locking it away to earn rewards, a bit like a particularly patient savings account. Furthermore, Ethereum is rather clever at facilitating “smart contracts” and the development of those newfangled “decentralized apps.” Bitcoin, alas, doesn’t quite have the knack for such things.







