Ethereum’s Update Sets The Stage For 99% Energy Usage Cut: Co-Founder Vitalik Buterin

Ethereum (CRYPTO: ETH) successfully implementing the controversial London hard fork this week reassures the blockchain’s co-founder Vitalik Buterin that the network will easily transition to proof-of-stake (PoS) and cut most of its energy consumption.

What Happened: During an interview with Bloomberg published on Thursday, Buterin said that the success in applying the London network upgrade is “proof that the Ethereum ecosystem is able to make significant changes,” hinting at the network’s…


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