are cryptocurrencies bad for the environment

Are Cryptocurrencies Bad for the Environment? Evidence and Debate

Cryptocurrencies have soared in popularity, sparking debates about their environmental impact. By looking into how sustainable different crypto networks are, especially those using proof-of-work (PoW), we learn about their high energy needs. For example, Bitcoin, the top choice for miners, uses about 151 terawatt-hours (TWh) of electricity every year. This amount is nearly 0.59% of…

crypto and environment

Cryptocurrency and the Environment: Balancing Innovation and Impact

The rise of cryptocurrency marked a turning point in finance after the 2008 crisis. This new form of money, starting with Bitcoin, sparked a wave of change. It led to new currencies and the spread of blockchain technology. Today, about 420 million people worldwide engage with this tech. Cryptocurrencies offer big benefits like decentralisation and…