The so-called merge of Ethereum has completed, setting the stage for the cryptocurrency to be less harmful to the environment.
Vitalik Buterin, one of the co-founders of Ethereum, said the merge had finalized.
The move will transition the Ethereum blockchain from proof-of-work to proof-of-stake, which is less energy intensive. The Ethereum Foundation estimates energy consumption will drop by 99.95%. Currently, its consumption is equivalent to that of Chile.