Environmentalists’ views on crypto have evolved, but tensions remain. Many still criticize it due to Bitcoin’s energy-intensive mining—estimates suggest Bitcoin’s network consumes around 200 TWh annually, comparable to some countries’ total energy use. Proof-of-work systems, like Bitcoin’s, drive this, relying on fossil fuels in regions with cheap power. Ethereum’s shift to proof-of-stake in 2022 cut [...]The post Do Environmentalists Still Hate Cryptocurrency? appeared first on Tekedia.
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