Green Crypto

What is happening? Ethereum management is pivoting. Pivoting green. Pivoting to clean emissions. Atheneum’s new management will slash its carbon emissions by 99.95%.

Why is this important? Ethereum is moving from blockchain to Beacon chain. Blockchain uses a  “proof of work” model and Beacon chain uses a ““proof of stake” model that uses less energy.

How will this be important? Whether this impacts more crypto will depend upon whether crypto-miners redirect their tech to produce other currencies instead. “Peter Howson, a professor of international development at the U.K.’s Northumbria University, says a successful merge for Ethereum could encourage regulators to crack down on other crypto systems’ careless energy use. “

Corporate Knights | Now that Ethereum has gone green, will regulators make other crypto follow suit?