Explainer-Ethereum’s energy-saving Merge upgrade

Published by
Reuters UK

By Elizabeth Howcroft and Hannah Lang (Reuters) – Ethereum, the blockchain that underpins the world’s second-largest crypto token ether, on Thursday underwent a major software upgrade that slashes the amount of energy needed to create new coins and carry out transactions. Here’s what you need to know about the “Merge” as the shift is known. WHAT IS ETHEREUM? Like other blockchains, Ethereum is essentially a digital database shared across a network of computers. It records ownership of the cryptocurrency ether, and other Ethereum-based digital assets such as non-fungible tokens. Proponents say …

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