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.
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