Blockchain could hold the key to fighting climate change, UN says
The United Nations is looking at initiatives that employ blockchain to ensure transparency in environmental protection, develop clean energy markets and boost climate financing.
The United Nations is looking at initiatives that employ blockchain to ensure transparency in environmental protection, develop clean energy markets and boost climate financing.
On Day 2 of the CoinGeek Zurich Conference, a panel of industry experts explored why the BSV enterprise blockchain can rightly claim the mantle of a "green" digital currency.
What looks like a progressive, innovative move at first glance is actually riddled with drawbacks that will most likely prevent BTC from being used as intended by El Salvador President Nayib Bukele.
The best hope for BSV’s long-term relationship with energy is that it will grow into an essential component of everyday life for billions of people, using thousands of new businesses.
Elon Musk recognized that despite the misinformation campaign waged by BTC zealots and charlatans, the sector still relies heavily on non-eco-friendly fossil fuels to produce the inferior tokens.
A common misconception seems to be that Bitcoin’s proof of work mechanism exceeds that of the many small nations, thus making it harmful to the environment and detrimental to power grids.
The amount of energy that Bitcoin, especially Bitcoin mining operations, consume has been a hot-button issue since the inception of Bitcoin.
In the face of the bull run and NFT boom, environmentalist activists have once again targeted Bitcoin’s industrial infrastructure for criticism based on the assumption that proof of work for building blocks is a waste of electricity.
Inventing your own mythology to shoehorn an agenda is something else entirely: propaganda. In Square Crypto’s new “Book of Bitcoin Mythology,” they have created one such example of propaganda.