Ethereum (CRYPTO: ETH) has no shortage of supporters in the Web3 world, but the award for “most unexpected endorsement” goes to Greenpeace for endorsing Ethereum based on the Merge which moves it to a more environmentally friendly Proof-of-Stake (POS) validation system vs. the original Proof-of-Work (POW) system. If you’ve not been following the significance of POW vs. POS, the tl;dr version is POW simply requires more computational power than POS. So the world will have fewer cryptographic computations and more energy for bunnies and flowers.
But before we send Greenpeace invitations to our discord servers, note that they are quite critical of Bitcoin (CRYPTO: BTC). Greenpeace stated in their press release, “Ethereum’s long-awaited 'merge' to a proof of stake consensus mechanism uses 99.95% less energy, leaving Bitcoin as the largest cryptocurrency using the outmoded high-energy proof of work consensus mechanism.”
