Environmental policy & impact.
Ethereum's reduction in energy consumption.
As a blockchain oriented startup, we want to acknowledge the global concerns about climate change that sometimes single out cryptocurrencies for their environmental impacts.
- Ethereum Mainnet uses proof-of-stake, but this wasn’t always the case.
- The upgrade from the original proof-of-work mechanism to proof-of-stake was called The Merge.
- The Merge refers to the original Ethereum Mainnet merging with a separate proof-of-stake blockchain called the Beacon Chain, now existing as one chain.
- The Merge reduced Ethereum’s energy consumption by ~99.95%.