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Ethereum cryptocurrency completes move to cut CO2 output by 99%

Software upgrade, known as ‘the merge’, will change how transactions are managed on its blockchain

Ethereum, the second largest cryptocurrency, has completed a plan to to reduce its carbon emissions by more than 99%.

The software upgrade, known as “the merge”, will change how transactions are managed on the ethereum blockchain, a public and decentralised ledger that underpins the cryptocurrency and generates ether tokens, the world’s most popular cryptocurrency after bitcoin.

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Originally posted in the guardian.