Tag: Sustainability
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How Green Is Ethereum?
On 15 September 2022 the Ethereum network replaced proof-of-work with proof-of-stake in an event codenamed the Merge. The switch slashed annual electricity demand from 21.4 TWh to 2.6 GWh, a reduction of 99.988 percent. The network now emits roughly 870 t of carbon dioxide each year, the same output as a single U.S. hospital. Ethereum…
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