Ethereum, the second most popular cryptocurrency in the world after Bitcoin, recently released an update called ‘The Merge’. With this update of Ethereum, it was aimed that the end of mining in crypto money will contribute to the solution of the global energy problem.
Considering the biggest criticism points of crypto mining, The Merge update has already started to take big steps to reset energy consumption and prevent carbon emissions, judging by the statements received. Vitalik Buterin, one of the founders of Ethereum, made a tweet to inform about the subject.
‘Global energy consumption decreased by 0.2%’
As Buterin said in his tweet, global energy consumption decreased by 0.2% with The Merge update. Although it may seem small, 0.2% is a very effective number. Thanks to The Merge, the carbon emissions that are thought to be due to Ethereum transfers decreased by 99.992%. This shows once again that the effects of mining activities are greater than transfer transactions.
Joseph Lubin, another co-founder of Ethereum, stated in a statement that the effects of The Merge update are the largest decarbonization event in the history of the industry. Experts call this event ‘the biggest crypto event after the invention of Bitcoin and Ether’.
Thanks to The Merge, Etherum networks have been divided into data blocks that are smaller and capable of transferring faster than before. Thus, Ethereum plans to process 100,000 transfers per second, previously only 30 transactions per second.
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