Ethereum Will Be 2,000 Times More Energy Efficient Thanks to Proof-of-Stake
The Ethereum Foundation has recently published a blog post discussing the energy savings that the much-awaited transition to Proof-of-Stake will bring to the Ethereum network. Of course, Ethereum 2.0’s beacon chain is already live, providing valuable insight into how the Proof-of-Stake consensus mechanism compares to Proof-of-Work from an energy usage basis.