Ethereum is now Green Blockchain & uses 99% less energy in mining

Ethereum one of the blockchain technologies has been criticsed in the past for its high carbon debt. Now it claims that transitioning from POW (Proof of Work) to POS (Proof of Stake) allows the reduction of electricity consumption and carbon footprint by 99.99% according to the CCRI (Crypto Carbon Ratings Institute).

Depicted metaphorically, this corresponds to a reduction in emissions from the height of the Eiffel Tower to a small plastic toy figure, as shown in the figure above. Therefore, the environmental cost of securing the network is drastically reduced. Simultaneously, the security of the network is thought to have increased.