Tag

Proof Of Work

All articles tagged with #proof of work

Professor Coin Explores Bitcoin's Role in Sustainable Crypto Future
technology3 months ago

Professor Coin Explores Bitcoin's Role in Sustainable Crypto Future

Bitcoin's energy consumption remains high, with recent estimates at 138 TWh annually, raising environmental concerns beyond just carbon emissions to include water, land, and e-waste impacts. While Bitcoin continues to use proof-of-work, which is energy-intensive, alternatives like Ethereum's proof-of-stake demonstrate that blockchain networks can be secure and more sustainable. Policy pressures are increasing, and the future of crypto's environmental impact depends on technological, regulatory, and community choices.

cryptocurrency-and-technology1 year ago

Bitcoin's Energy Debate: Satoshi's Early Emails and Climate Concerns

Newly released emails from 2009 show that Bitcoin's creator, Satoshi Nakamoto, foresaw the potential for the cryptocurrency to consume significant energy due to its Proof of Work consensus algorithm. Satoshi also expressed concerns about legal scrutiny and envisioned non-financial uses for blockchain technology. The release of these emails coincides with a trial to determine if Craig Wright is indeed Satoshi Nakamoto. The debate around Bitcoin's energy consumption continues, with industry proponents highlighting its efficiency compared to traditional banking, while critics focus on its raw energy usage.