The world's second biggest cryptocurrency just got a lot greener | CNN Business

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Ethereum, the world's second most valuable cryptocurrency, has completed a massive software upgrade that its backers claim will slash its carbon footprint

Ethereum, the world’s second most valuable cryptocurrency, has completed a massive software upgrade that its backers claim will slash its carbon footprint. The long-awaited revamp, which is known as “The Merge,” will reduce ethereum’s energy consumption by nearly 99.95%, according to the Ethereum Foundation, a nonprofit organization dedicated to supporting the cryptocurrency and its related technologies.

The co-founder said that the upgrade will “reduce worldwide electricity consumption by 0.2%.” While cryptocurrencies have seen a phenomenal rise in the last few years, observers say they’re terrible for the environment. According to Digiconomist, a platform that tracks crypto energy usage, a single Ethereum transaction is equivalent to the weekly power consumption of an average US household.

 

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When you are beaten by the cost, but there is no profit, you declare green nonsense.

I know another way to slash crypto carbon footprint too!

We are destroying the plant for fake worthless “currency”. Very Dude Bro Elon Musk Energy

Ethereum=JPMORGAN

It's not a claim, it's a fact.

Still fundamentally flawed.

Apparently the merge was already priced in. Lol.

In other news on who gives a fuck

More climate change propaganda

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