It always clicked in my mind, that industries, and technology was taking over the world compromising the natural environment. However, A cryptocurrency tech giant called Ethereum founded by Justin Drake is moving towards a greener path. Before Ethereum used energy as much as a small size country would do but they have designed their technology called merge that will use lesser energy. unlike a big giant company like Bitcoin will remain energy-intensive forever. The Ethereum blockchain supports millions of Ethereum currency and million worth of the dollar. it stores the databases of every transaction that takes place that required huge numbers of heavy computers that used a vast amount of energy. Now they have switched to a technology called Beacon chain which vastly reduces the number of computers needed to maintain the blockchain. Additionally, reducing the computing power needed. The everyday laptop can be used for crypto mining which uses minimal power energy. It's good news for us as Ethereum has decentralized for all ordinary people like us to explore and be part of the digital currencies.
Thursday, 15 September 2022
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