According to Polygon Network, the upcoming Ethereum Merge will eliminate 99.1% of the network’s carbon emissions. Additionally, the forthcoming Merge will significantly increase the environmental stability of currency mining. Merge to Erase 60,000 Tonnes of Polygon’s Carbon Footprint The business claims that the Merge will cut Polygon’s network carbon emissions by an astounding 99.91%, bringing the annual total down to only 56.22 tCO2e. Additionally, The Merge intends to cut Ethereum’s energy use by 99.99%. The Crypto Carbon Ratings Institute (CCRI) estimates that the Ethereum base layer operations of the Polygon chain account for 99.92% of the chain’s emissions. According to the research, that leaves 50.13 tCO2e attributed to Polygon’s own PoS network. Polygon Dedicated to a Sustainable Future Midway through April, Polygon unveiled its Green Manifesto, which included a pledge to become carbon zero and a $20 million fund for green initiatives. The crew then retired $400,000 worth of carbon credits, representing the entire network’s historical CO2 debt. Polygon held its inaugural Green Blockchain Summit in July to address industry-wide solutions to environmental issues. A follow-up event will take place later this month. Earlier this year, Polygon made known that the network is making efforts to lessen its overall carbon footprint. According to a CCRI estimate, the annual carbon emissions from the Polygon network up until July ...
SEC Hosts First-Ever Crypto Roundtable Today
