Intended to cut down Ethereum's increasing carbon footprints and apply deflationary pressure, The Merge was largely successful.
Moreover, Ethereum now draws less power than payment company PayPal and online steaming giant Netflix.
By eliminating the power-guzzling devices from the scope, which competed with each other to solve complex cryptographic problems, Ethereum seemed to have made a decisive shift to sustainability and scalability. Before transitioning to the PoS, miners guarding the Ethereum network were issued approximately 13,000 ETH/day, according to. This was because the process of mining was an economically intensive activity, which historically required high levels of ETH issuance to sustain.
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