Dramatic drop in Ethereum's energy consumption 🌱

Dramatic drop in Ethereum's energy consumption 🌱

Background

* The University of Cambridge announces the results of its study on Ethereum's electricity consumption
* Annual consumption recorded at about 7.87 gigawatt-hours
* A 99.9% reduction in energy consumption after the Merge

Focus 🧐

* A detailed analysis of the activity of more than 8,000 network nodes 💡
* More than 56% of the energy supplied from renewable sources 🔥

Implications 🔥

* Easing environmental concerns surrounding cryptocurrencies 🧐
* Boosting Ethereum adoption among financial institutions with environmental criteria 💡

Conclusion 😅

* Ethereum is now a model of energy efficiency among major networks

#Ethereum #energy_consumption #environment #blockchain