The Cambridge Centre for Alternative Finance (CCAF) has released a report analyzing the environmental impact of Ethereum (ETH) following its transition to Proof of Stake (PoS) through 'The Merge'.
This transition has led to a significant reduction in the power demand of the Ethereum network. Prior to The Merge, the network's power demand was approximately 2.4 gigawatts (GW), but the baseline after The Merge has dropped to approximately 0...
