Has the carbon issue been resolved by crypto?
Join Our Telegram channel to stay up to date on breaking news coverage Has crypto actually found a solution to the carbon issue, or is this just wishful thinking? Cryptocurrencies have long been portrayed as the villains of fairytale climate stories who abuse ever-increasing power for what appears to be the benefit of a select few. The narrative has now changed direction. The second-largest cryptocurrency in the world, Ethereum, has disclosed changes to its multi-billion dollar operations that should lower its overall energy consumption by almost 99%. Could this indicate that cryptocurrency is beginning to evolve into the decentralized system that its proponents have long claimed it will be, revolutionizing banking, economics, and perhaps even environmental policy? Or will everything resume as usual when twelve o’clock rolls around? Crypto Is Beginning to Get Green 1. Less emissions and fewer calculations Traditional cryptocurrency may have been created by the fossil fu...