Has the Ethereum merger killed cryptocurrency mining for good?
On September 15, 2022, the long-awaited Ethereum merger finally took place. After long using a proof-of-work consensus mechanism, the Ethereum blockchain has finally transitioned to proof-of-stake, the same system used by other cryptocurrencies like Cardano, Solana, and Polygon. Thanks to it, the energy consumption of Ethereum has been significantly reduced. It also claimed another victim: …
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