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A country's worth of power, no more!
Ethereum will be completing the transition to Proof-of-Stake in the upcoming months, which brings a myriad of improvements that have been theorized for years. But now that the Beacon chain has been running for a few months, we can actually dig into the numbers. One area that we’re excited to explore involves new energy-use estimates, as we end the process of expending a country’s worth of energy on consensus. There aren’t any concrete statistics on energy consumption (or even what hardware is used) as of yet, so what follows is a ball-park estimation of the energy consumption of the future of Ethereum. As many ... (full story)
