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Does this also imply lower energy consumption for running the ethereum network?



Yes! In fact that's one of the goals of the transition.


Well that's great for them.

Maybe (hopefully) we'll see environmental regulations against (expensive PoW) cryptocurrency before theres economically motivated regulation.


While I'm optimistic on PoS and excited about Ethereum adopting it, I think Bitcoin and PoW are being unjustly demonized and the issue is far more complex than what meets the eye.

I found this analysis insightful: https://coinshares.com/insights/beware-of-lazy-research-bitc...

Also this Twitter thread (12 tweets) and all the articles linked inside it: https://twitter.com/yassineARK/status/1360343401627979778




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