Ethereum won the spotlight with the Merge, which cut the crypto’s energy use and carbon footprint more than expected by 99.99%.
The second-largest cryptocurrency – Ethereum – recently eliminated its energy consumption overnight by shifting to a new “proof of stake” blockchain system called the Merge.
Designed to drastically cut down the network’s overall energy use, the upgrade has indeed done just that.
Initial estimates of energy consumption reduction is about 99.95%. But the…
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