The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

The Merge To Proof-of-Stake Slashes Ethereum’s C02 Emissions by 99.99% Overnight: Crypto Sustainability Firm

by Daily Hodl Staff
September 16, 2022
in Ethereum

A new Crypto Carbon Ratings Institute (CCRI) report says the successful Ethereum (ETH) blockchain merge brings the technology close to net-zero carbon emissions.

The highly-anticipated Ethereum merge, intended to create a more sustainable blockchain, transformed the second-largest cryptocurrency from a proof-of-work consensus model to a proof-of-stake.

In doing so, Ethereum’s carbon emissions are slashed by an estimated 99.99%, according to the CCRI report commissioned by ConsenSys, a blockchain software company.

According to the crypto sustainability firm’s report, Ethereum’s annual electricity use went from 23 million megawatt-hours to a little more than 2,600 after the merge. As a result, carbon emissions decline from more than 11 million tons a year to under 870, which is the equivalent of the combined total of 100 typical American homes, according to the U.S. Environmental Protection Agency. The CCRI report says energy use also dropped, a decline of 99.98%.

A previous estimate by the Ethereum Foundation suggested the merge would result in a slightly lower electricity usage decline of 99.95%.

Joseph Lubin, ConsenSys founder and Ethereum co-founder, says,

“We’re delighted to have commissioned this report from CCRI, which substantiates the Ethereum merge’s impact as likely the biggest decarbonization effort of any industry in history. Having removed the high carbon footprint as one of the biggest barriers to future growth, Ethereum is now primed for further waves of interest, development, adoption, and investment, as the merge enables Ethereum to become internet scale IT infrastructure for low carbon projects around the globe.”

Uli Gallersdörfer, CEO of CCRI, says Ethereum is now as sustainable as other newer technologies that were initially launched as proof-of-stake models.

“We’re pleased to have been able to leverage our expertise to evaluate the success of Ethereum’s transition to proof-of-stake in sustainability terms and to have such positive findings.”

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/your

Submit a Press Release

Industry Announcements

  • Narwhal Finance Secures $1 Million in Seed Funding Led by Animoca Ventures
    March 24, 2023
  • Sports Prediction App Pooky Launches Full Version of Its Play-and-Earn Game
    March 23, 2023
  • StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading
    March 23, 2023
  • KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum
    March 22, 2023
  • Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours
    March 22, 2023
  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,566.39
$27,566.39
2.64%
Ethereum
$1,753.99
$1,753.99
3.08%
Cardano
$0.362078
$0.362078
0.89%
XRP
$0.446095
$0.446095
3.05%
Dogecoin
$0.074888
$0.074888
1.74%

Spotlight

  • White House Says ‘Bitcoin Has Not Announced Plans to Adopt Proof-of-Stake’ in Wild Economic Report
    March 22, 2023
  • Top Crypto Analyst Turns Bullish on Ethereum Rival That’s Up 135% This Year
    March 23, 2023
  • Bitcoin Currently Witnessing Its Best Marketing Campaign Ever, According to InvestAnswers – Here’s Why
    March 23, 2023
  • Popular Crypto Analyst Says Bitcoin Surge to $40,000 To Happen A Lot Quicker, Issues Warning on Altcoins
    March 23, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl