The Merge made Ethereum better for the environment – but not so much for investors

The ether coin has fallen 10 per cent since the Merge upgrade that reduces it power consumption

The Canadian-founded Ethereum network, the biggest thing in cryptocurrency after bitcoin, recently underwent an upgrade called “the Merge” that made it a lot more environmentally friendly.cryptocurrency

plunge. The one most troubling might be that the Merge, which changes the fundamental nature of the network, has also put Ethereum in the crosshairs of the U.S. Securities and Exchange Commission. It’s the latest case in which the name of Ethereum has come up in enforcement talk one way or the other.The brainchild of Toronto-raised Vitalik Buterin, Ethereum is essentially a computing platform upon which anyone can build blockchain-based games, apps and peer-to-peer financial instruments.

That is significant because the SEC claims jurisdiction over not just securities in the United States but all ofnetwork. In a recent court filing, the SEC cited the fact that because most of the servers that support Ethereum are in the United States, everything that happens on the Ethereum network is deemed to have happened in the United States.

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