Currently, the blockchain is preparing for the Shanghai upgrade. Ethereum anticipates going through the "Surge," "Verge," and "Purge" after the Shanghai upgrade.
UN predicts robust global economic growth in 2021
On Wednesday, Elon Musk sent shockwaves across cryptocurrency markets after announcing that Tesla will no longer accept Bitcoin as payments for its vehicles citing its environmental impact. Musk said in his statement that Tesla is concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.
The SpaceX CEO also added that the company will star using Bitcoin again as soon as mining transitions to more sustainable energy and in the meanwhile, will be looking at other cryptocurrencies that use less than 1% of Bitcoin s energy per transaction.