Since its inception in 2015, Ethereum has been pushing through the new frontiers of cryptocurrencies, adding a block of transactions every 12 or 13 seconds on average through its Proof-of-Work consensus. Today, Ethereum’s Proof-of-Work security model is estimated to consume roughly 100 TWh per year according to Digiconomist, the equivalent of a country like the Netherland — or 3% of the US energy consumption. (The Ethereum Foundation shows a similar trend.)
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