2022 was the year of crypto’s climate reckoning


Source: theverge.com theverge.com

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Even though much of 2022 was a hellscape for the crypto industry, somehow, this year managed to mark a turning point for one of its most notorious issues: pollution. Lawmakers are cracking down on crypto miners burning through huge amounts of energy. And even without regulation, crashing crypto prices limited mining and its pollution. Most importantly, Ethereum showed that it’s possible for a cryptocurrency to drastically shrink its carbon footprint during “The Merge.” Ethereum managed to pull off a storybook success story this year with a software upgrade called “The Merge.” Before the highly anticipated event, Ethereum developers promised that...