Making Bitcoin Greener and Elon Musk’s Chatbot Plans
Last year, Ethereum turned green. The second most popular cryptocurrency platform has moved to proof-of-stake, an energy-efficient framework for adding new blocks of transactions, NFTs, and other information to the blockchain.
When Ethereum completed its upgrade, called “Consolidation,” in September, it reduced its direct energy consumption by 99%. Meanwhile, Bitcoin continues to consume as much energy as the entire Philippines, with a single Bitcoin transaction using the same amount of energy as a US household over the course of almost a month.
But change may be imminent. While the Bitcoin community has a history of staunchly resisting change, pressure from regulators and environmentalists fed up with Bitcoin’s massive carbon footprint could force them to rethink that point of view.
So what does it take to make a conversion? Read full story.
—Amy Castor
This is a part of us TR explains series, in which our writers untangle the complicated, messy world of technology to help you understand what happens next. You can read more about them here.
If you want to read more about Ethereum:
+ Why Ethereum Moves to Proof of Stake.Read full story.
+ Our story from when The Merge happened. Read full story.