Bitcoin's Energy Use is a 'Skyscraper', Ethereum a 'Raspberry': Research
Proof of Stake related models uses significantly less Energy when compared to their Proof of Work counterparts. Proponents batting for sustainability have time and again debated about why protocols need to shift to the former. The Merge upgrade marked the onset of Ethereum’s PoS consensus mechanism era. Ethereum’s Energy consumption has drastically dropped after the PoS shift. The University of Cambridge’s Centre for Alternative Finance [CCAF] uniquely contextualized the same. According to the study, if Bitcoin’s Energy use is assumed to be Kuala Lumpur’s Merdeka building, the second-highest in the world [679 meters], then Ethereum’s PoW consensus system would stand around the height of the London Eye [135 meters]. However now, with the shift to the PoS model, Ethereum has reportedly “shrunk to the size of a raspberry.” Also Read: Bitcoin: WEF Video Showcases Mining, But Omits ‘B Word’ Bitcoin: WEF Video Showcases Mining, But Omits ‘B Word’ Pre-Merge, Ethereum Consu...