In 2022, Ethereum switched from proof-of-work to proof-of-stake as the way the network validates transactions. Bitcoin, Litecoin, and Dogecoin still use proof-of-stake, which uses more energy compared to proof-of-stake, but both methods use financial incentives (or disincentives) to validate and secure transactions on the blockchain. Current value of ethereum So, how does Ethereum work? Ethereum uses the proof-of-stake (PoS) consensus mechanism, where validators secure the network and verify transactions. Validators must stake 32 ETH — or less when staking through pools such as Lido and Rocket Pool — to ensure they act in the network’s best interest. Dishonest behavior is penalized through something called slashing, meaning that the culprit loses a portion of their staked ETH. In exchange for their contribution to the network, validators earn rewards in ETH.

Ethereum Price is at a current level of 2236.19, up from 2198.42 yesterday and up from 1213.34 one year ago. This is a change of 1.72% from yesterday and 84.30% from one year ago. Ethereum Price.css-miwgo3@media screen and }(ETH) @tradingview