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Ethereum's Launch of 'The Merge' Hopes to Add Sustainability to Blockchain

MIN READSep 15, 2022 | 18:01 GMT

An ethereum mining rig is on display at the Thailand Crypto Expo 2022 on May 14, 2022, in Bangkok, Thailand.

An ethereum mining rig is on display at the Thailand Crypto Expo 2022 on May 14, 2022, in Bangkok, Thailand.

(Photo by Lauren DeCicca/Getty Images)

"The Merge" by the ethereum blockchain is the first major cryptocurrency to shift away from the computing- and energy-intensive "mining" process for data validation to one that is more sustainable. On Sept. 15, the ethereum blockchain finally merged with a different blockchain that shifts the currency's blockchain validation method away from a so-called proof-of-work to a proof-of-stake consensus algorithm for validation. In the more widespread proof-of-work method, computers essentially compete to be the first to solve complicated mathematical equations to "validate" a new block in a blockchain and earn cryptocurrency to do so. For extremely popular cryptocurrencies like ethereum and bitcoin -- which respectively have about $200 billion and $400 billion of currency in circulation based on current prices -- this has led to an arms race among blockchain miners to use more processing power -- and more energy -- to more frequently win the race to solve those equations....

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