This article is part of our On the Radar 2022 series.
By all accounts, Ethereum had a great year.
The price of Ether rose 400% in 2021, assets locked in DeFi soared 12x to $250B, and network users paid nearly $10B in fees.
However, the increased network activity in 2021 saw Ethereum’s annual energy consumption skyrocket past 100TWh, putting it on par with Kazakhstan.
Power Hungry
Crypto, and specifically Proof-of-Work (PoW) blockchains like Bitcoin and Ethereum, have been criticised for their…
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