The much-anticipated software upgrade of the blockchain network Ethereum has been concluded as announced by co-founder Vitalik Buterin. Known as the Fusion, this transformation has substituted power-consuming machines previously employed for sequencing transactions with a more eco-friendly configuration that uses accumulations of the network’s intrinsic token, Ether, situated in distinct, known as staking wallets. Consequently, Ethereum’s energy utilization is projected to diminish by a staggering 99%. James Butterfill, head of research at Coinshares, elaborates on the consequences of this modification on “Bloomberg Surveillance Early Edition.”
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