Energy Consumption?

What about Ethereum's energy consumption?

Ethereumwas using a proof-of-work mechanism that consumes a large amount of energy, however, in September 2022, Ethereum underwent its biggest update yet, dubbed 'The Merge'. This upgrade switched the blockchain to a proof-of-stake mechanism which greatly reduces its environmental footprint.

This update could reduce the energy required to secure Ethereum by about 99.95%, creating a more secure network for a much smaller carbon cost. This will make Ethereum a truly low-carbon blockchain while boosting its security and scalability.