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Ethereum completed its long-anticipated Merge on Thursday without any hiccups as the protocol switched from a Proof-of-Work (PoW) to Proof-of-Stake (PoS) consensus mechanism.
The move instantly reduced Ethereum's energy consumption by 99.9% and is the first major step to eventually making the blockchain cheaper and faster to use.
The network previously had the same energy consumption as the entirety of the Netherlands and a carbon footprint as big as that of Singapore....
Read More: If This is a Netscape Moment for Web3 What Does that mean for Ethereum?
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The move instantly reduced Ethereum's energy consumption by 99.9% and is the first major step to eventually making the blockchain cheaper and faster to use.
The network previously had the same energy consumption as the entirety of the Netherlands and a carbon footprint as big as that of Singapore....
Read More: If This is a Netscape Moment for Web3 What Does that mean for Ethereum?
More...