According to Cointelegraph, Ethereum’s yearly energy usage varied from 46.31 to 93.98 terawatt hours before the Merge upgrade in 2022. (TWh).
The Merge, one of the biggest Ethereum blockchain updates to date, immediately decreased the network’s energy usage by 99.9%, according to Cointelegraph.
In an effort to become a green blockchain, the Ethereum blockchain changed its consensus process from a proof-of-work (PoW) approach to a proof-of-stake (PoS) method on September 15. As a result, the overall amount of energy used by the Ethereum network significantly decreased.
According to Cointelegraph, Ethereum’s yearly energy usage varied from 46.31 to 93.98 terawatt hours before the Merge upgrade in 2022. (TWh). On December 26, 2019, Ethereum used 4.75 TWh, its lowest annual energy use. Ethereum’s yearly energy usage fluctuated from 46.31 to 93.98 terawatt hours until the Merge upgrade in 2022. (TWh). On December 26, 2019, Ethereum used 4.75 TWh, its lowest annual energy use.
The community highlighted worries about the blockchain’s centralization and greater governmental scrutiny despite the celebration surrounding Ethereum’s move to PoS.
After the Merge, the centralization factor was instantly obvious because just two addresses could be linked to 46.15% of the nodes for data storage, transaction processing, and creating new blockchain blocks, according to Cointelegraph.
