Ethereum’s Software Redesign for Energy Efficiency Reaches Crucial Milestone in Stress Testing Process

Developers working on the Ethereum blockchain software upgrade have passed an important milestone in its testing process. Ethereum developer Marius Van Der Wijden called it a “great achievement” in the process of overhauling the blockchain and making it more energy efficient. The long-awaited Ethereum update is called “Merge”. The transformation aims to change the way transactions are ordered on the Ethereum network, which has become prominent in the trading space.

A so-called phantom fork of the mainnet has been launched to test the “Merge” stress. The results of this test are positive, with at least one bug found to be fixed.

Wijden posted about the development on Twitter.

Currently, Ethereum miners order transactions on the blockchain using large server farms that consume tons of electricity and contribute to carbon emissions.

A single Ethereum transaction consumes as much electricity as an average US household uses in a workweek – and has a carbon footprint equivalent to 140,893 Visa credit card transactions or 10,595 hours of YouTube viewing, a Fortune report noted in July last year.

After the launch of the Merge upgrade, the ordering of Ethereum transactions will be carried out by so-called stakers, using slabs of Ether in a system called “Proof of Stake”.

This should reduce Ethereum’s power consumption by 99%, explained a Bloomberg report.

Developers are carrying out extensive testing on the Ethereum revamp as decentralized financial applications worth an estimated $100 billion (roughly Rs. 7,61,110 crore) are supported on the blockchain and cannot be endangered.

Ether, the native token of Ethereum currently has a market capitalization of over $362 billion (roughly Rs. 27,62,004 crore) according to CoinMarketCap.

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Radhika Parachar

Radhika Parashar is a Senior Correspondent for Gadgets 360. She has been reporting on technology and telecommunications for three years now and will focus on writing all things crypto. On top of that, she’s a big sitcom nerd and often responds to references from Chandler Bing and Michael Scott. For advice or questions, you can contact her at After

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