Ethereum’s transition to proof-of-stake from proof-of-work completes its first year today (15 September 2023). Notably, the blockchain’s energy consumption has plummeted by 99.9% within the past year. Ethereum’s energy usage drops dramatically following Merge The Ethereum Merge has seen the network’s energy consumption plunge by 99.9% within a year. Ether has destroyed (burned) ETH worth The post Ethereum (ETH) energy consumption down 99.9% one year since the Merge appeared first on Invezz .