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{"id":13997,"date":"2022-09-07T15:11:54","date_gmt":"2022-09-07T15:11:54","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/09\/07\/how-the-merge-will-slash-ethereums-climate-pollution\/"},"modified":"2022-09-07T15:11:56","modified_gmt":"2022-09-07T15:11:56","slug":"how-the-merge-will-slash-ethereums-climate-pollution","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/09\/07\/how-the-merge-will-slash-ethereums-climate-pollution\/","title":{"rendered":"How The Merge will slash Ethereum\u2019s climate pollution"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/9\/6\/23339594\/ethereum-merge-energy-pollution-proof-of-stake<\/a>
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Ethereum just set The Merge in motion \u2014 and the stakes are huge for the planet. The Merge is arguably one of the most anticipated events yet in cryptocurrency history, when the Ethereum blockchain will switch from a disturbingly energy-hungry method of validating transactions to a new strategy that uses a fraction of the electricity as the network gobbled up before. <\/p>\n

The transition is supposed to slash Ethereum\u2019s energy consumption by a whopping 99.95 percent<\/a>. That\u2019s a seriously big deal since, just last week, the cryptocurrency network was estimated<\/a> to use as much electricity annually as the country of Bangladesh. All that energy, of course, comes with a lot of carbon dioxide pollution that\u2019s exacerbating climate change. Ethereum\u2019s native token, Ether, is the world\u2019s second-largest cryptocurrency by market capitalization after Bitcoin.<\/p>\n

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