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Posted: 2025-05-01 07:14:40 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-01 07:15:13 UTC
Verified By
Rollup News
Vitalik Buterin's decision to switch Ethereum from Proof of Work to Proof of Stake, known as 'The Merge,' was initially met with criticism but ultimately saved the cryptocurrency from a potential $100B disaster by reducing energy consumption and maintaining decentralization.
Reduced energy consumption by 99.95%
Restored power to regular users
Saved decentralization of Ethereum
Avoided a potential $100B disaster
Growing energy use threatened the network
Centralization of power among miners
Resistance from developers and miners to the proposed change