The post Merge Will Reduce Worldwide Electricity Consumption by 0.2% appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
Ethereum co-founder Vitalik Buterin believes that with the completion of the major upgrade to its software, the Ethereum (ETH) ecosystem will become a lot greener. In fact, the inventor of Ethereum has stressed the importance of the Merge upgrade, which involves the network’s transition from the Proof-of-Work (PoW) to the Proof-of-Stake (PoS) consensus mechanism.
In his tweet of September 15, Buterin explained “The merge will reduce worldwide electricity consumption by 0.2%.” Buterin said this by directly quoting Justin Drake, a researcher at the Ethereum Foundation, who made the claim at a live stream of the event. Ethereum Foundation had also stated similar things on Sept. 15. The merge webpage mentioned, “The Merge reduced Ethereum’s energy consumption by ~99.95%.”