The Energy Efficiency of Bitcoin
In a recent article on Vice’s technology news feed, Motherboard, author Sebastiaan Deetman explores the energy efficiency of Bitcoin. The article begins with a brief and fatalistic assertion regarding the environmental impact of mass migration to Bitcoin (or a similar energy intensive cryptocurrency). Another Vice Motherboard contributor, Christopher Malmo, is quoted as saying, “Adopting Bitcoin as a major currency anytime in the next few decades would just exacerbate anthropogenic climate change by needlessly increasing electricity consumption until it’s too late.” At the time that Malmo....
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One of the fastest-growing blockchain platforms utilized by crypto traders is leading the world in terms of energy efficiency, bringing some of the lowest kWh used per transaction available anywhere on the globe today. Fantom sees thousands of users utilizing the platform daily for a variety of purposes, including information security and crypto-currency transactions, including […]