Blockchain Technology Explained: Uses and Mechanisms
Technology Corrected & verified

Blockchain Technology Explained: Uses and Mechanisms

Published by When Notes Fly · View original ↗

Understand blockchain technology through distributed ledgers, uses, and current applications.

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  1. 12 July 2026 · corrected by Melik Can Sariyer

    Pre-Merge Ethereum consumption was ~20-26 TWh/yr (Cambridge/Digiconomist), not 78 TWh; the 99.95% reduction is retained

    Before

    from roughly 78 terawatt-hours per year to under 0.01 terawatt-hours

    After

    from roughly 22 terawatt-hours per year to under 0.01 terawatt-hours

    Why: Pre-Merge Ethereum energy consumption was estimated at approximately 20-26 terawatt-hours per year by Cambridge and Digiconomist, not 78 TWh. The 99.95% post-Merge reduction figure remains accurate.

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Melik Can SariyerExpert Contributor