Inside Ethereum’s Plan To Reduce Energy Consumption by 99%

Ethereum intends to move to proof-of-stake in the future. Making a move to POS will supposedly cut the energy consumed by a hundredfold, or around 99%. There have been repeated claims that cryptocurrency uses too much energy and is therefore inefficient and environmentally unfriendly. Some reports find that mining cryptocurrency uses more energy than gold

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Inside Ethereum’s Plan To Reduce Energy Consumption by 99% written by Alex T @ https://www.ccn.com/inside-ethereums-plan-to-reduce-energy-consumption-by-99/ January 4, 2019 Alex T

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