Ethereum, the second most popular cryptocurrency in the world after Bitcoin, recently released an update called ‘The Merge’. With this update to Ethereum, it is intended that the end of cryptocurrency mining will contribute to the solution of the global energy problem.
Considering the biggest criticisms of crypto mining, The Merge update, judging by the incoming statements, to reset energy consumption and avoid CO2 emissions. He has already made great strides. Vitalik Buterin, one of the founders of Ethereum, posted a tweet to educate on the subject.
‘Global energy consumption decreased by 0.2%’
As Buterin said in his tweet, global energy consumption dropped 0.2% with The Merge’s update. While it may seem small, 0.2% is a very effective number. Thought to be due to Ethereum transfers thanks to The Merge CO2 emissions decreased by 99.992%. This shows once again that the effects of mining activities are greater than transfer transactions.
Joseph Lubin, another founder of Ethereum, said in a statement that the effects of The Merge update largest decarbonization event in industry history stated that. Experts say for this eventThe biggest crypto event after the invention of Bitcoin and Ether‘ they say.
Thanks to The Merge, Etherum networks are divided into blocks of data that are smaller and can be transferred faster than before. So, Ethereum plans to run 100,000 transfers per secondpreviously only 30 transactions per second could be processed.
Source: Web Tekno