UNDERSTANDING THE IMPACT OF ETHEREUM UPGRADE CUTTING ENERGY CONSUMPTION BY OVER 99%
In a significant upgrade, Ethereum, the Blockchain underlying the cryptocurrency Ether, wants to reduce the massive energy use in Ether mining by 99.95%. The firm has declared that it would abandon the current Proof-of-Work system in favour of one based on Proof-of-Stake (PoS) (PoW).Because of the latest upgrade, "Ethereum upgrade will have nearly the same energy consumption as operating a personal computer for each node on t
Read more
