What are the environmental impacts of using Ethereum?

1 answers

• Dec 18, 2021 · 3 years ago
  The environmental impacts of using Ethereum have been a topic of discussion. The mining process used in Ethereum, known as proof-of-work, requires a significant amount of computational power and energy. This energy consumption contributes to carbon emissions and the depletion of natural resources. However, it's important to note that Ethereum is actively working towards a more sustainable future. The upcoming Ethereum 2.0 upgrade will transition the network from proof-of-work to proof-of-stake, significantly reducing its energy consumption. Additionally, efforts are being made to promote the use of renewable energy sources for mining operations. While there are currently environmental concerns associated with Ethereum, the industry is actively addressing these issues to minimize its impact on the environment.
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