Ethereum blockchain to undergo major upgrade to cut energy use - 60Seconds

Ethereum blockchain to undergo major upgrade to cut energy use - 60Seconds

A long-awaited software upgrade to the Ethereum blockchain aimed at slashing its huge energy consumption is expected this week, a move proponents say may widen the technology's use and support the price of the ether token.br br The upgrade, known as the "Merge," will mark a radical change to how transactions on the Ethereum blockchain occur and ether tokens are created. The new system will consume 99.95 less energy, according to the Ethereum Foundation.


User: 60Seconds

Views: 14

Uploaded: 2022-09-13

Duration: 03:17

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