Ethereum Merge: What will the radical update mean for cryptocurrency?

The energy depletion of the Ethereum cryptocurrency rivals that of immoderate countries, but a arguable update to however it works volition slash this by 99 per cent – here's the low-down connected what's going on

Technology 13 September 2022

By Matthew Sparkes

Ethereum is astir to wholly alteration however it works to little its c emissions

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This week Ethereum – the world’s 2nd largest cryptocurrency – volition merchandise the biggest update ever seen successful a integer currency, transforming however it operates and reducing its vigor demands by arsenic overmuch arsenic 99 per cent. Why is “the Merge” happening, and what volition beryllium the effect?

What is the Merge?

Like different cryptocurrencies, specified arsenic bitcoin, Ethereum relies connected impervious of enactment (POW) for security, meaning that computers execute immense numbers of calculations to “mine” caller …