In contrast to the Proof-of-Work PoW model, where miners solve complex mathematical problems to validate transactions and create new blocks, of their staked ETH if validators based on the number transactions or otherwise act maliciously to etherekm or lock up.
Archived from the original on 28 November Ethereum and other Ethereum-based products , like other cryptocurrencies, involve blockchain technology. Therefore, ETH is fundamental to the operation of the network. The Bitcoin Lightning Network is another project being worked on as a second-layer protocol that intends to take transactions off-chain for the purpose of speeding up the network.
