> Blockchain technology is purposefully burdensome and computationally distributed, making it notoriously energy intensive. Estimates put the energy used to create and trade a cryptocurrency like Bitcoin on a par with the total consumption of a country like Sweden. And that’s without accounting for the environmental footprint of the physical computer hardware.
Another critic who is willing to criticize without updating their knowledge as to the current state of the technology. Blockchain is not the same as proof-of-work. Yes, Bitcoin is energy-intensive, but other consensus algorithms do not use energy at nearly the same scale.
Another critic who is willing to criticize without updating their knowledge as to the current state of the technology. Blockchain is not the same as proof-of-work. Yes, Bitcoin is energy-intensive, but other consensus algorithms do not use energy at nearly the same scale.