The popular cryptocurrency are ready to make the switch from one energy model to another
Ethereum is about to undergo its long awaited makeover, which will see the company shift from its energy intensive model.
The crypto has been working to shift from its proof-of-work method to a proof-of-stake model, which requires far less power than mining.
Crypto currencies have been criticised for their mining processes to generate new coins. But this new method will be eco-friendly and lead to faster transactions.
The transition has been repeatedly pushed back because of major flaws.
But developers reportedly say the latest test run was very smooth.
The price of Ethereum has lost nearly half its value this year and is trading at just over $1,800 USD.
Investors will continue to keep an eye out on what will come out of this upgrade.
Meanwhile, Bitcoin investors can enjoy a sigh of relief as the cryptocurrency bounces back after months of turbulence.
