Ethereum just completed The Merge — here’s how much energy it’s saving

The enormous pollution reduction comes from a change in how Ethereum users earn new tokens. With The Merge, Ethereum is getting rid of a mechanism called proof of work that uses vast amounts of computing power to validate blocks of new transactions. Proof of work required crypto miners to solve computational puzzles, an extremely energy-intensive process, in order to validate new blocks on the chain and earn new tokens in return.

Now, Ethereum uses a new mechanism called proof of stake that gets rid of puzzles and mining. Instead, validators need to stake some of their tokens for a chance to validate new blocks of transactions and be rewarded with tokens in return. You still need computers to store data and verify transactions. And validators will probably still run their hardware around the clock. But their hardware won’t be nearly as energy-hungry as crypto miners’ data farms. The small discrepancies in estimates for energy consumption post-Merge have to do with how many validators there are, what kind of equipment they’re using, and whether it runs on clean or dirty energy.

The successful launch of The Merge places greater pressure on other cryptocurrencies still using proof of work. The elephant in the room is Bitcoin, which is currently“[The Merge] is hopefully a step into a more sustainable future for cryptocurrencies,” says Uli Gallersdörfer, co-founder and CEO of the CCRI.Some miners are resisting the change, hell-bent on keeping the existingamount of energy that’s going to be saved here [with The Merge] could be less than 99.

How much pollution that rogue chain is responsible for will depend on how valuable its new token is, which is expected to officially

Exactly 0% energy savings

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