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A comment on Ethereum Price Climbs to $360; Crypto Market Cap Pierces $160B. Parent comment

Re:Ethereum Price Climbs to $360; Crypto Market Cap Pierces ... by mrfusion on Tuesday August 29, 2017 @03:27PM (#15126916)
Explain like I'm from 2010? ( and what/when is a proof of stake swap?)
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Re:Ethereum Price Climbs to $360; Crypto Market Cap Pierces ... by raisedbyninjas on Tuesday August 29, 2017 @04:17PM (#15127272)
Proof of stake mints new coins based on who already has coins (they have a stake in the platform's success). This is opposed to solving arbitrary math problems to mint new coins, which is called "proof of work". At some point in the future the Ethereum client will have the proof of work algo swapped out with the proof of stake algo.
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