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Evening Standard

Business

Simon Hunt

Ethereum ‘merge’ clears path for ESG-minded corporate investors

Ethereum Bitcoin Crypto

The Ethereum merge promises to deliver huge energy efficiencies
(Picture: Unsplash)

Crypto investors across the world breathed a sigh of relief this morning as one of the biggest digital currencies, Ethereum, completed its transition to a proof-of-stake coin, clearing a path towards greater investment from ESG-conscious corporate investors.

The transformation of the $200 billion-market-cap cryptocurrency promises to deliver huge energy efficiencies, making Ethereum much more cost-effective to use compared to the market’s most popular coin, Bitcoin.

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