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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Ethereum Crypto Overhaul Targets Environmental Impact

Crypto Ethereum blockchain Bitcoin Electricity Eswar Prasad
Ethereum's change in blockchain technology will reduce electricity usage drastically INA FASSBENDER AFP/File

The world's second biggest cryptocurrency after bitcoin, Ethereum, will soon overhaul its blockchain technology to curb the network's much-criticized environmental impact.

Ethereum, whose digital unit ether tumbled in a crypto crash earlier this year, will in September undergo a major technical revolution, AFP said.

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