Ethereum: Energy-Saving Superhero

New Study Finds Ethereum Uses 28x Less Energy Than American Express According to Cambridge Researchers

Cambridge study Ethereum uses 28x less energy than AmEx.

Move aside, American Express! Step back, Deutsche Bank! There’s a new energy-saving superhero in town, and its name is Ethereum. According to a report from the University of Cambridge, the world’s second-largest crypto protocol is consuming a stunning 28 times less energy than these legacy-based financial giants. How’s that for a power move?

Now, let’s break it down. While American Express is chewing through a whopping 202.73 GWh of energy and Deutsche Bank is exhausting 437 GWh, Ethereum is gracefully gliding along at a mere 7 GWh per year. That’s right, folks – Ethereum is flexing its energy efficiency muscles and leaving the competition in the dust.

But wait, there’s more! When we compare assets under management (AUM), Deutsche Bank might have a staggering $820 billion, but Ethereum still manages to hold its own with over $350 million on-chain and in the decentralized finance (DeFi) ecosystem. Talk about punching above your weight!

And it doesn’t stop there. Ethereum shows no mercy as it crushes other energy-guzzling giants. Netflix, the unlimited bingeing paradise, consumes 123 GWh annually – over 50 times more than Ethereum. Even the mighty Burj Khalifa, the sky-piercing marvel of human engineering, can’t keep up, using a gargantuan 243.4 GWh of power. Take a bow, Ethereum, for your electric efficiency prowess.

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But let’s not forget about practicality. The Cambridge report reveals that Ethereum’s energy needs could power its campus for only 19 days. And if we consider air conditioners and the average household, the decentralized finance ecosystem could keep 1,969 homes cool and cozy while still having enough juice to charge a Tesla Cybertruck for a staggering 17.1 million miles. That’s one electrifying ride!

So, how does Ethereum achieve this breathtaking efficiency? Well, it waved goodbye to the old-school proof-of-work (PoW) and embraced the swift and energy-saving proof-of-stake (PoS) mechanism. No more energy-hungry miners racing to validate transactions. Instead, Ethereum’s validators lock up a minimum of 32 Ether coins and keep the network running smoothly with just a flick of their software-enabled wrists. Efficient and effortless, just like a futuristic superhero.

Speaking of superheroes, Ethereum is the central hub for over 2,000 decentralized applications (dApps) in the DeFi space. With a 19% market share and soaring potential, it’s on track to challenge the crypto throne. And now, with the SupraOracles dApp launching their decentralized Verifiable Random Function (dVRF) service on the Ethereum mainnet, the possibilities are endless. Blockchain protocols now have secure access to real-world information, thanks to Ethereum’s superpowers.

So, digital asset investors, buckle up and join the energy-saving revolution led by Ethereum. You’ll save the planet, secure your investments, and indulge in a bit of superhero-level efficiency. Ethereum – where power meets profitability!

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