Why crypto’s eco-friendly pivot is perpetually delayed

Image credit: Taylor Frint / Digital Trends. Article by Meira Gebel. Digital Trends – April 22, 2022.

Cryptocurrency’s ecological woes are no secret. As NFTs (non-fungible tokens) exploded in early 2021, so did the conversation about how much energy goes into a single transaction on the blockchain. There’s no shortage of examples illustrating the blockchain’s enormous energy consumption either: A single transaction on Bitcoin’s network consumes as much energy as a U.S. household for two and a half months, and the annual existence of Ethereum has a comparable carbon footprint to the entire country of Libya. […]

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