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<p class="is-style-lead">Vitalik Buterin responded to reports of Ethereum community members bemoaning the switch from the old proof-of-work model to a proof-of-stake consensus.&nbsp;</p> 
<p>Amanda Cassatt, founder, and CEO of web3 marketing studio Serotonin, tweeted that several Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="">ETH</a>) proponents were dissatisfied with the network’s current state.&nbsp;Cassatt <a href="https://x.com/amandacassatt/status/1783729580605624544" target="_blank" rel="">stressed</a> that the views were not personal and the posts mirrored conversations she was privy to. </p> 
<p>The crypto founder also listed reasons opinionated by some community members.&nbsp;</p> 
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 <p>“Been interesting to notice a lot of Ethereum community members privately expressing the wish that it had stuck with pow instead of transitioning to PoS.” </p> <cite>Amanda Cassatt, Serotonin Founder and CEO</cite>
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   <p lang="en" dir="ltr">Also 3. Being connected to the real world, so the price of energy to power mining factors into the network</p>— amanda.eth (@amandacassatt) <a href="https://twitter.com/amandacassatt/status/1783729580605624544?ref_src=twsrc%5Etfw" target="_blank" rel="">April 26, 2024</a>
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<p>Ethereum co-creator Vitalik Buterin <a href="https://x.com/VitalikButerin/status/1783746568492818710" target="_blank" rel="">chimed</a> into the conversation, highlighting that the proof of work (PoW) design held drawbacks that misaligned with the network’s long-term vision.&nbsp;</p> 
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   <p lang="en" dir="ltr">PoW was also quite centralized. It was just not talked about as much, because everyone knew it was only a temporary stage until PoS.<br><br>And that doesn't even get into how we probably mostly avoided ASICs only because the upcoming PoS switch meant no incentive to build them. <a href="https://t.co/OhaqmRiiGJ" target="_blank" rel="">pic.twitter.com/OhaqmRiiGJ</a></p>— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1783746568492818710?ref_src=twsrc%5Etfw" target="_blank" rel="">April 26, 2024</a>
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<p> You might also like: <a href="https://crypto.news/vitalik-buterin-reveals-six-focuses-ethereum-2024/" rel=""> Vitalik Buterin reveals 6 main focuses for Ethereum in 2024 </a> </p> 
<p>Since its genesis block in July 2015, crypto’s second-largest blockchain, Ethereum, adopted a PoW consensus mechanism similar to Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="">BTC</a>).&nbsp;Miners were key players under this model, contributing to network security and ETH emissions to allow new tokens to enter circulation.&nbsp;</p> 
<p>This changed after “The Merge” in September 2022 when Ethereum moved to a proof-of-stake (PoS) infrastructure, replacing miners with stakers in a massive technological overhaul.&nbsp;</p> 
<p>Due to the PoS transition, proponents were divided. Some decried a switch in ETH’s fundamental ethos, while a group led by Chinese miner Chandler Guo even banded together to maintain a version of Ethereum’s PoW chain.&nbsp;</p> 
<p>The initiative <a href="https://crypto.news/ethereumpow-dissolves-core-team-embraces-full-autonomy/" target="_blank" rel="">dissolved</a> its core team to adopt complete autonomy, but the project struggled to gain traction. As of April 26, the ETHW native cryptocurrency changed hands under $4 per CoinMarketCap.&nbsp;</p> 
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  ETHW price chart | Source: CoinMarketCap
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<p>On the other hand, Ethereum’s main PoS chain has seen skyrocketing validator numbers and staking demand. Crypto.news reported in February that more than 25% of ETH circulating supplied has been <a href="https://crypto.news/ethereum-achieves-staking-milestone-with-25-of-circulating-supply-now-staked/" rel="">locked away</a> to secure the network and earn yield for participants. </p> 
<p>Vitalik Buterin has also shared various proposals to <a href="https://crypto.news/vitalik-buterin-rainbow-staking/" rel="">decentralize staking</a> further and <a href="https://crypto.news/vitalik-buterin-pitches-3-pathways-to-simplify-ethereums-pos-model/" rel="">simplify</a> Ethereum’s PoS model. </p> 
<p> Read more: <a href="https://crypto.news/vitalik-buterin-ethereum-update-details/" rel=""> Vitalik Buterin reveals details on next Ethereum update </a> </p>

Vitalik Buterin backs ETH PoS transition amid PoW debate

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