Ethereum has completed 'the Merge', a software update that converts the blockchain from a 'proof-of-work' system to a 'proof-of-stake'. The change effectively reduces their energy consumption to about one percent of what it was previously, removing a major objection to the use of blockchain systems. It also reduces security risks by protecting against '51% attacks'. Now Ethereum has other challenges to address: the cost of transactions, the speed of transactions, and creeping centralization.
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