29-08-2022 14:55 via theguardian.com

Cryptocurrency ethereum plans to cut carbon emissions by 99% with upgrade

The ‘merge’ project will end role of miners in blockchain ecosystem to help reduce electricity usageEthereum, the second largest cryptocurrency, will complete a plan to lower its carbon emissions by more than 99% in the next month, the foundation that controls the platform has confirmed.The project, called “the merge”, will result in ethereum switching the underlying technology it uses for validating crypto transactions to a new process that requires less energy to manage
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