https://techcrunch.com/2022/09/07/ethereum-merge-may-not-fix-everything-but-it-could-boost-institutional-adoption/

As we inch closer to a highly anticipated protocol development for Ethereum, some big institutional players may wonder what “the Merge” could mean for them.

The system upgrade, set for September 15, plans to reduce the second-largest blockchain’s energy consumption by about 99% by moving away from proof-of-work, which relies on crypto miners using tons of computing energy to validate transactions, to proof-of-stake, which uses an algorithmic lottery to determine future validators from a pool of “stakers” who lock up funds to secure the network.