The researchers explained that, like most cryptocurrencies, Ethereum operates on a Proof-of-work (PoW) system. In PoW
Ethereum will complete the transition toProof-of-Stake system, which will entail a huge number of improvements. Independent researchers tried to calculate how much this will reduce the amount of electricity consumption and emissions of harmful substances into the environment.
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Proof-of-stake (PoS) is the basic mechanismwhich activates validators after receiving enough bids. For Ethereum, users need to place 32 ETH bets to become a validator. The PoS algorithm will completely eliminate energy-intensive mining. In the future, millions of processes will no longer participate in transaction verification.
The researchers noted that while the officialthere are no statistics on energy consumption and equipment used after the transition. However, they were able to roughly calculate these data - in their opinion, it will sharply decrease and energy consumption will become minimal.
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