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

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 usage

Ethereum, 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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