Ethereum merge cuts power consumption by 99.9%
Popular cryptocurrency blockchain Ethereum has completed its long-awaited transition to Proof-of-Stake (PoS), a new transaction verification technique. The software upgrade, better known as “The Merge,” has been in the works for years and was completed Thursday morning. After the update, Ethereum has switched from the previous Proof-of-Work (PoW) consensus mechanism to the more environmentally friendly …
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