Bitcoin mining alone consumes more electricity annually than many countries. The proof-of-work consensus mechanism requires massive computing power, leading to significant carbon footprints.
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Delve into the complex relationship between digital currencies and their effects on our planet's resources.
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Similar ideas to Energy Consumption Reality
Some cryptocurrencies employ a consensus mechanism that uses computational power and large amounts of energy to verify and validate transactions.
Mining farms requires massive amounts of energy.
Similar to Proof-of-work, Proof-of-Stake is a consensus mechanism which underpins security of the blockchain by preventing doubles...
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