The Post-Merge Ethereum, A Multifaceted Analysisby@cryptonizedhost
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The Post-Merge Ethereum, A Multifaceted Analysis

by 5mSeptember 29th, 2022
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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.

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