Argent Newsletter - Issue #22

The Merge is finally here, a huge 0.2% reduction in worldwide energy usage, Do Kwon is on the run, and much,much more...

Edward Wilson
Sep 18, 2022

gm everyone - we hope you all had a great week! This Issue is shorter than expected as the Merge dominated the news. If you have any feedback or suggestions to help improve this newsletter, please email edward@argent.xyz.


  1. After years of work, the Merge is finally here
  2. What caused a 0.2% drop in worldwide energy usage!
  3. Do Kwon can't run for long!

Now, let’s get into it all! 🚀

🎉 It's here. It's finally here!!

After many years, Ethereum has finally moved to Proof of Stake. It's one of the most exciting things to happen to Ethereum since its creation. From a user perspective, not much has changed. But, this move sees energy consumption drop by 99.95% and is a giant leap toward greater scalability and economic sustainability. 

We've sent many emails this week about the Merge so we won't go into much detail here. But if you want to learn more about it, check out our blog

And if you've been on Twitter this week, we think our meme describes what your feed most likely looked like:

🤯 0.2% reduction in WORLDWIDE electricity consumption

There are lots to get excited about with the Merge. One thing which can't be understated is the considerable savings in energy consumption. It's huge. And represents a 0.2% electricity reduction worldwide, according to Ethereum researcher Justin Drake.

A chart showing how much energy is being consumed by BTC PoW, ETH PoW and ETH PoS

When it comes to your portfolio, you always want to be hitting all-time highs. But with energy consumption, less is more. So for once, all-time lows are welcomed.

👮‍♂️ You can run. But you can't hide.

South Korea issued an arrest warrant for Terra founder and supervillain Do Kwon. According to reports, the Korean authorities concluded that there's evidence of "Fraudulent transactions". In response to this, Do Kwon went on Twitter to share some thoughts, which made it sound like he's *definitely* not on the run…

📚 What we’re reading

What kind of Layer3s make sense - Vitalik 

Fractal Scaling - Polynya

The New Creator Playbook: Jumpstarting Communities Through Tokens - Li Jin

💭 What’s happening at Argent 

We released a new update for Argent X - our browser extension wallet for StarkNet - that provides more information about your transactions and support for NFT collections. 

Lots of exciting things are happening on StarkNet, and over the coming months, we'll be sharing more about the ecosystem and Argent X! 🚀

🤔 Smaller but interesting news

Here are a few smaller things we’ve found interesting this week:

Central Bank Digital Currencies (CBDCs) aren't your friend

Art Gobblers

White House report proposes possible restrictions on proof-of-work crypto mining

Starbucks is offering the ability to earn and buy NFTs that will unlock access to new coffee experiences

Solidity Tutorial: All About Memory

Crypto education YouTube series

Web3 hacker resources

DeFiLlama released their token price API

What to expect for privacy coin regulation

NFT gated newsletters

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