#BYMEspresso: Ethereum Turns Green
Until now, mining Ethereum required massive amounts of computing power to tackle challenging arithmetic problems.
The much-awaited "Merge" of Ethereum to a considerably more energy-efficient technique of minting new tokens has been achieved.
Until now, mining Ethereum required massive amounts of computing power to tackle challenging arithmetic problems. This used a lot of energy and made Ethereum tough to scale and expensive for little transactions. It also consolidated power in the hands of a very few, which is antithetical to the decentralized crypto ideal.
The Merge received its name since the Ethereum blockchain merged with a parallel network that has now been running in a proof-of-stake test for over two years, but it is only one stage in the change.
It needs to be seen whether the Merge can deliver on its promise of revolutionizing crypto since there are still many unanswered concerns around legislation, Ethereum splits, and other issues.