After The Sukses Of The Merger, The Ethereum Foundation Now Creates Groups To Remove The Traces Of PoW Carbon

Ethereum wants to remove the carbon footprint of PoW. (photo: twitter @ethereum)

JAKARTA - A few months after The Merger of Ethereum, as the network switched to a more environmentally friendly proof-of-stake (PoS) consensus, the Ethereum community is now shifting its focus to improving previous network carbon proof (PoW) emissions.

At the COP 27 climate action event, the Web3 company, civil society leader, and the United Nations Framework Convention on Climate Change announced the formation of the Ethereum Climate Platform, which aims to neutralize the carbon footprint left by the Ethereum network since its launch in 2015.

Led by software company ConsenSys and blockchain company focused on the Allinfra climate, the founding member of the coalition includes organizations, such as Microsoft, Polygon, Aave, Enterprise Ethereum Alliance, Global Blockchain Business Council, Huobi, and Laser Digital.

Using Web3 technology, funding mechanisms, and governance protocols, this newly formed group will invest in climate projects that promise to mitigate Ethereum's past emissions.

According to Ethereum co-founder and ConsenSys CEO Joseph Lubin, while The Merger sets high standards for climate mitigation, the climate crisis still needs a more radical change.

In addition, Yorke Rhodes III, co-founder of blockchain at Microsoft, also expressed the company's enthusiasm to contribute. The Anti of our collaboration in this initiative is to help the Ethereum community to map the information line forward," explained the executive, as quoted by Cointelegraph.

Back on September 15, the Ethereum network completed a long-awaited transition to the PoS consensus. According to the Ethereum Foundation, The Merce will make the network 99.95% more energy efficient. The update also aims to set the stage for newer scaling solutions, such as spharding.

The Merger is the first step in the five-step process previously outlined by Ethereum co-founder Vitalik Buterin. After The Merger, the next step in the updating list is Surge, where the network will implement sharding, a way to improve blockchain's ability to access and store data.