Ethereum

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8 Terms

1
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What is ethereum’s capability?

support programming - smart contracts and tokens, platform for decentralized applications

2
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What is gas in Ethereum? How is it priced?

Gas is the computational work required for transactions, priced in Gwei (small unit of ETH)

3
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What happens to the gas fees collected on the Ethereum network?

A portion of the fees is "burned," reducing the total supply of ETH and controlling inflation

4
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How much ETH must be staked to become a validator in Ethereum's Proof of Stake?

32 ETH is required to participate as a validator.

5
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How often does Ethereum select validators and approvers in the PoS system?

  • Every 32 blocks, one validator is chosen to publish a block.

  • And 128 stakers are selected to evaluate it.

6
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Maximum gas limit for a block in Ethereum's PoS

Each block is capped at 15 million gas

7
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What can happen if a stake publishes an invalid block (unavailable staker) in Ethereum’s PoS?

They may incur a fine which is deducted from their staked 32 ETH

8
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Why is Ethereum's Proof of Stake more energy-efficient than Proof of Work?

PoS does not require solving complex computational puzzles, avoiding high energy consumption.