Ethereum Foundation expects upgraded ETH 2.0 to consume 99.95% less energy, according to Decrypt. The figure is below Ethereum’s current energy usage under the proof of work consensus mechanism.
Ethereum 2.0 will transition the network to a greener consensus mechanism referred to as proof of stake.
Ethereum will support the generation of new blocks as opposed to mining rigs which consume a lot of power.
Energy requirements per transaction with ETH 2.0 will be almost 20 minutes of T.V.
Users have committed more than $4 million in ETH 2.0 while it is still in development.
Ethereum is currently declining. ETHUSD is down 15.42%
