Too Long; Didn't Read
The new proof of stake consensus mechanism reportedly uses 99% less energy than its proof of work counterpart. There’s a possibility that ESG-focused institutions will turn their sights and wallets to the energyless alternative. The network is expected to drop from around 5% to less than 0.5% The effects this will have on the price could be tremendous, though. The long-term consequences of the event remain to be seen. In the short term, the green narrative might carry Ethereum to new heights.