Author: Bhushan Akolkar

The ECB highlights how Bitcoin’s energy footprint could be a matter of concern and how they negate the greenhouse gas (GHG) emission savings by Eurozone countries. The ECB compares the PoW blockchain consensus mechanisms to fossil fuel cars and the PoS consensus mechanism to electric cars. Cryptocurrency prices have plummeted during the second quarter of 2022! But one area that continues to drive attention among regulators is the contribution of digital assets to the carbon footprint. The European Central Bank (ECB) recently published a report stressing this topic. Earlier this week on July, 12 the ECB published a report dubbed…

Read More