Ethereum Ether Price Mining Energy Use Cut Down 99 Percent Environmental Concern Elon Musk Tesla News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ethereum Closes in on Long-Sought Fix to Cut Energy Use Over 99 Percent Ethereum and Bitcoin both operate using a proof-of-work system that requires a global network of computers running around the clock. By Matthew Leising, Bloomberg | Updated: 25 May 2021 13:17 IST Highlights The transition Ethereum developers are making is a huge undertaking Proof of work uses the capital costs of buying and maintaining hardware Users and developers of the world s most-used blockchain have been wrangling with its carbon-footprint problem for as long as it s been around. Now, they say, several recent breakthroughs will finally enable them to drastically cut energy use in a year or less.

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