Ethereum Merge: what it means for the crypto-currency industry
September 19th, 2022 – With the crypto-currency market under pressure in recent months, a long-awaited software upgrade to one of the most popular crypto platforms, Ethereum, was made public last week.
The upgrade – known as ‘the Merge’ – has undergone several delays since it was first announced back in 2014, leaving many questioning whether an alternative, energy-efficient consensus strategy for the industry would ever come to pass.
Crypto has been waiting for a recalibration towards sustainability: one that not only optimizes the value proposition that crypto and blockchain applications present for crypto users, but also for Web3 climate innovators, the new generation of environmental advocates, as well as US climate efforts more broadly.
Writtem by World Economic Forum
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