Why crypto’s big ‘merge’ is causing big headaches

Ethereum faces bitter opposition from those who lost out from the merge and it could also get greater scrutiny from regulators. — AFP

PARIS: The biggest software upgrade in the short history of crypto has fulfilled its promise to wipe out more than 99% of the electricity used by the second-biggest cryptocurrency, experts have told AFP.

That is no mean feat, given that the Ethereum blockchain was burning through about as much electricity as New Zealand.