Welcome to the Ethereum Community Conference, an annual event that draws the world’s top developers and cryptographers to the City of Light.
are often criticized for the process of mining to generate new coins. Both currently use a so-called proof-of-work mining model, where miners race to solve complex math equations using banks of powerful computers.
If things don't go well, there is a question of what impact that might have on digital assets more broadly. Take DeFi, which aims tolike banks, but with cryptocurrency. They mostly run on the ethereum blockchain. It is unclear what would happen to large swaths of the DeFi ecosystem should there be any hiccups with the big transition to proof-of-stake later this year.
"You'll see CTOs, technical founders, cryptographers, and protocol researchers. That's unheard of," said Osorio, who added that she met ethereum founder Vitalik Buterin in a courtyard in Paris back in 2018 at the first EthCC show.
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