This clears the way for Ethereum to ditch its current proof-of-work model next month, which advocates say could radically reduce energy consumption.
on by CNBC, is one of the last checkmarks on the to-do list before the so-called “Merge” takes effect.
As a quick refresher, POS advocates, climate researchers and others have pushed Ethereum to transition away from POW due to its heavy reliance on energy for mining. Though there was a time when Bitcoin and Ethereum users could simply mine the currencies using the computers in their bedroom, that time has long passed. Now, Bitcoin
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