November 8, 2024

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Ethereum bulls wake up after four years to transfer 22,982 ETH

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Ethereum bulls wake up after four years to transfer 22,982 ETH

At a time of bear market-induced uncertainty, crypto investors often tend to stick with Bitcoin (

Ever since Ethereum completed the Merge upgrade, the network’s energy consumption was reduced by 99.9%.

As a direct result of the shift to a proof-of-stake (PoS) consensus mechanism, the Ethereum network’s carbon footprint currently stands at 0.1 million tonnes of CO2 (MtCO2) per year.