Joe Lubin, co-creator of Ethereum: “After The Merge, our blockchain will consume as much electricity as a coffee machine”

by time news

A mini-revolution is underway in the still confidential world of blockchain and cryptocurrencies. “The Merge” (“the fusion”), an update of Ethereum, must intervene Thursday at the latest and bring this blockchain into a new era. No more question of aligning computing power and competition with the implementation of a new method of validation of exchanges, the “Proof of Stake” (or “Proof of stake”). The pledge of part of its capital in ether, a cryptocurrency, allows a transaction validator to prove its seriousness in the eyes of other participants and to potentially withdraw a reward.

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