What is the Ethereum merger, which is considered the ‘biggest cryptocurrency revolution’ since bitcoin

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Ether is the second most important cryptocurrency by market capitalization

The second most important cryptocurrency in the world, ether, has switched to a new, more environmentally friendly business model.

Until now, cryptocurrency “mining” (the process of creating or transacting a unit, which involves the simultaneous use of many computers) consumed the same amount of energy as the Netherlands, according to the Ethereum Foundation. With the transition, called “fusion”, its managers say energy consumption will be reduced by 99.9%.

Although cryptocurrencies have been a business revolution, their impact on climate change is huge due to the amount of electricity used by the computers that operate their stores.

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Ethereum co-founder Vitalik Buterin says the ‘merger’ has been planned for years

The transition to the new model, says Vitalik Buterin, co-founder of Ethereum (a digital platform whose currency is ether), has been on the horizon since the cryptocurrency’s launch in 2014, but has been delayed due to the technical complexities involved. It’s like rebuilding the foundations of an already standing skyscraper.

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