“Ethereum will be completing the transition to Proof-of-Stake in the upcoming months, which brings a myriad of improvements that have been theorized for years.”
The foundation admits Ethereum burns a country’s worth of energy today. The 99.95% figure rests on one developer’s home setup and a guess of 100 watts per staker. Proof of stake has been “upcoming” for years. The electricity bill is real now. The fix is a blog post.