Babbage: Will Ethereum’s merge transform crypto?

A monumental shift is about to take place in the crypto world. One of the most important blockchain projects, Ethereum, is set to change the way it secures its network—from the energy-intensive “proof-of-work” system to the greener “proof-of-stake” method. Known as “the merge”, the switch could slash Ethereum’s energy consumption by over 99 percent. The Economist’s Stevie Hertz investigates why the “proof-of-work” system of mining currencies like bitcoin is so bad for the environment, and Alice Fulwood and Ludwig Siegele analyse how Ethereum’s merge will change the wider cryptoverse. Alok Jha hosts.For full access to The Economist’s print, digital and audio editions subscribe at economist.com/podcastoffer and sign up for our weekly science newsletter at economist.com/simplyscience. Hosted on Acast. See acast.com/privacy for more information.

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Babbage is our weekly podcast on science and technology, named after Charles Babbage—a 19th-century polymath and grandfather of computing. Host Alok Jha talks to our correspondents about the innovations, discoveries and gadgetry shaping the world. Published every Wednesday.If you’re already a subscriber to The Economist, you’ll have full access to all our shows as part of your subscription.For more information about Economist Podcasts+, including how to get access, please visit our FAQs page here https://myaccount.economist.com/s/article/What-is-Economist-Podcasts