Crypto blockchain completes radical change that could revolutionize industry: ‘The Merge’
A blockchain platform completed a radical shift in September 2022 that dropped its electricity usage to nearly zero, Outlook India reported.
Ethereum’s upgrade, named The Merge, ditched its energy-hungry mining system for a leaner verification process. The network previously burned through 23 million megawatt-hours each year. After the transition, yearly consumption fell to 2,600 megawatt-hours, shrinking from a small country’s draw to what a handful of office towers might use.
Before The Merge, Ethereum relied on mining. Thousands of machines worldwide competed to crack mathematical equations, with only one winner receiving payment while the rest wasted electricity on failed attempts. This Proof-of-Work system still runs…
