Ethereum has officially transitioned to a proof-of-stake (PoS) consensus mechanism, which is expected to cut energy consumption by the n 99.95%. According to Charlie Karaboga, CEO and co-founder of Australian fintech company Block Earner, the network’s transition to PoS would drive the future of money to be more internet-based. He also opined that Ethereum will now become the settlement layer that everyone will accept and trust