Today, Ether has been updated called consolidation, through which the coin will switch from a Proof of Work or POS system to a Proof of Ownership system.
According to Arabianet, this move means that the ether will no longer be mined, which will save 99% of the electrical energy it was previously using.
The first reactions to the completion of the merger of the cryptocurrency ether came in the posts posted by its founder Vitalik Buterin on Twitter, where he stated that the transformation process will result in a 0.2% saving in energy use around the world.
It is noteworthy that the amount of energy used to mine ether globally before the merger is equivalent to the amount of energy used by the Netherlands annually at 78 TWh.
As a result, the Ether miners are rendered useless or diverted to mining other cryptocurrencies.
