If this is true it would be an amazing and important development
Bitcoin uses as much electricity as Ireland
Ethereum as much as Iceland
A typical Ethereum transaction uses more than the average daily energy of a US household.
This is an invisible catastrophe.
They are cutting the energy used for transactions, but not for mining
a start anyway. Someone compared it to getting rewards points for leaving your car idling in the driveway.
haha not too far from the truth.
In the end, the only solution for this is for crypto users to accept some limited centralization of transaction processing. It makes sense and doesn’t void the central purpose.