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Wednesday, May 7, 2025

The Ethereum Merge can Reduce Blockchain's Energy Consumption by 99%? KDA with IIT Kanpur to Explore Blockchain Technology: Tech Market Roundup - Analytics Insight

Here is some quick tech catch for you so that you stay updated with the latest crypto and tech news
Good morning Tech Fam, here’s a quick tech update for you to catch on:
What’s new today: KDA is all set to sign an MoU with IIT-Kanpur on Monday to explore opportunities in blockchain technology; Korea-based LG is releasing a non-fungible token (NFT) marketplace called LG Art Lab that plugs into the Hedera Network, which LG supports.
Fast-Trach Insights: A long-awaited systemwide upgrade that experts say will reduce the blockchain’s energy consumption by about 99%; Microsoft has some good news for Sony PlayStation gaming console users.
Ethereum, the second largest blockchain by market cap, is about to undergo a massive transformation known to the crypto community as “the Merge.” It’s a long-awaited systemwide upgrade that experts say will reduce the blockchain’s energy consumption by about 99% by switching its transaction verification system away from “proof-of-work,” which relies on...



Read Full Story: https://www.analyticsinsight.net/the-ethereum-merge-can-reduce-blockchains-en...

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