HomeUncategorizedEthereum Merge anniversary — 99% energy drop but centralization fears linger By Cointelegraph

Ethereum Merge anniversary — 99% energy drop but centralization fears linger By Cointelegraph

September 15, 2023

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One year after its historic transition to proof of stake, has seen a massive reduction in energy use and a marked improvement in access to the network, however, a number of technical issues still mark the road ahead.

The Merge was executed on Sept. 15, 2022 — an event that saw the Ethereum mainnet merging with a separate proof-of-stake blockchain called the Beacon Chain.

The Merge has reduced Ethereum’s power consumption by more than 99%. Source: CCAF

Ethereum turns deflationary

Change in ETH supply since the Merge. Source: Ultrasound Money

Liquid staking takes over

Lido currently accounts for 72% of all staking on Ethereum. Source: DeFiLlama
Distribution of Ethereum nodes from web service providers. Source: Ethernodes