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in Economy

Ethereum blockchain slashes energy use with ‘Merge’ software upgrade

by Editor September 15, 2022, 1:28 pm 2k Views

Ethereum

By Elizabeth Howcroft and Maria Ponnezhath

LONDON (Reuters) -The Ethereum blockchain has undergone a major software upgrade, drastically reducing its energy usage, its inventor and co-founder tweeted on Thursday.

The new system will use 99.95% less energy, according to the Ethereum Foundation. The upgrade,…

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