The environmental side of Blockchain
The Environmental Perspective of Blockchain Blockchain, thanks to its properties of immutability, transparency, and self-verification, has potential applications in a wide variety of fields. For instance, this technology has enabled the development of self-executing smart contracts, which automatically enforce agreements between parties with full guarantees for all involved. These contracts are useful in various scenarios, […]
Is Bitcoin mining with renewable energy enough?
Cryptocurrency mining, essentially the Bitcoin industry, consumes more electricity annually than countries like Switzerland, Argentina, or Finland. This is according to a recent analysis conducted by the Cambridge Centre for Alternative Finance (CCAF) and reported by the BBC. The cryptocurrency mining process consumes a lot of electricity. The machines and servers responsible for mining or […]