Why does firefox use so much memory

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I am so tempted to just downgrade to one of these older, outdated versions despite the security risks.

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Why is it that all of these newer versions of Firefox use twice as much memory as the older Mozilla browsers, even with no plugins or addons? The newer versions are using 110 MB+ where as the Mozilla browser used maybe 40-60 MB and sometimes less.

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I would like someone to explain something to me because I must be missing something here.