22 Nov 2017 power as did almost two American households? Power consumption was a big issue and still is actually. Thus, the Ethereum community wants to utilize proof of stake, to consume less power. So, Ethereum developer's kind of had a humanitarian goal in mind when they considered switching over to PoS.
Ethereum is a decentralized 'smart contract' platform, and is said to be the first Turing Complete1 blockchain. In addition to executing payment-style transactions like Bitcoin, arbitrary code (programs) can be run on Ethereum. This opens the possibility for decentralized applications and organizations and offers a rich