Big changes after Ethereum overhaul
After The Merge event, global electricity consumption decreased by 0.2%, many miners were unemployed but opened many innovations for the blockchain network.
The Ethereum overhaul ended on the afternoon of September 15 when The Merge took place successfully. One of the biggest rewards is that the Ethereum power consumption will be reduced by 99.9%. The Ethereum network continues to expand, but The Merge's impact is not unique to this blockchain network. It immediately affected energy markets around the globe; change the way the blockchain network works; remove the network of miners and most importantly make legislators look at Ethereum and crypto in general differently.