Ethereum Transitions to Proof-of-Stake Model, Drastically Reducing Energy Use
The Ethereum network recently made a groundbreaking shift from its proof-of-work mining model to the highly anticipated proof-of-stake model. This move, which took place on September 15, 2022, resulted in an incredible 99.95% decrease in energy consumption. This transition has not only improved the sustainability of the Ethereum blockchain, but also brought about a new era of environmental friendliness in the industry.
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