Ethereum Overhaul May Cut Its Emissions By 99% ...Middle East

Cryptocurrency mining has frequently been lambasted for being an energy-intensive process. Four years ago, Nature Climate Change warned that Bitcoin mining alone could push global warming over the 2ºC catastrophic threshold in just 14 years if adoption rates matched those by other broadly used technologies.  And now the world’s second-largest cryptocurrency, ethereum, is about to make a radical technological shift that will cut its carbon footprint by 99%. Ethereum is ditching the 'proof of work' model utilized in the mining process…

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