November 22, 2024

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The Merge brings down Ethereum’s network power consumption by over 99.9%

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The Merge brings down Ethereum’s network power consumption by over 99.9%

The Merge, which is considered one of the most significant blockchain upgrades on Ethereum (

Despite the celebrations around Ethereum’s transition to PoS, community members raised concerns related to the blockchain’s centralization and higher regulatory scrutiny.

The centralization aspect became evident right after the Merge, as 46.15% of the nodes for storing data, processing transactions and adding new blockchain blocks could be attributed to just two addresses.

While Ethereum proponents claim that anyone with 32 ETH can become a validator, it is important to note that 32 ETH, or around $41,416, is not a small amount for a newbie or common trader.