The Ethereum network validates incoming transactions into the blockchain using a proof-of-work scheme, similar to Bitcoin and other proto-currency crypto-ledgers. Mining is the process by which computations are verified and the network is secured, which also leads to the minting of new coins in Bitcoin and a gas market on Ethereum (gas being the internal currency used for paying for computational cycles executed by the EVM). However, Ethereum’s roadmap includes a gradual transition to a more energy-efficient and higher throughput Proof-of-Stake consensus arrangement, eventually making the mining process obsolete. At present, however, the network operates on an ASIC-resistant memory-hard PoW