If you knew the technical details of blockchains, you would not think that. And yes, the process IS much more than wasing massive amounts of energy.
> 1) Surely we can come up with a less wasteful solution to this
You are welcome to try. If you do come up with a less waisful solution you will be able to create your own altcoin and will make billions worth of dollars on it. Some very smart people have tried in the past and are still trying.
> 1) Surely we can come up with a less wasteful solution to this
You are welcome to try. If you do come up with a less waisful solution you will be able to create your own altcoin and will make billions worth of dollars on it. Some very smart people have tried in the past and are still trying.