RATE Group | Can Bitcoin Survive the Climate Change Revolution?
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Can Bitcoin Survive the Climate Change Revolution?

30 Mar Can Bitcoin Survive the Climate Change Revolution?

Posted at 07:36h in Bitcoin News by

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Coronavirus might be the biggest story of the decade, but climate change will be the grand narrative of the century. 

As energy of any kind becomes of premium value to the planet, and the world’s transport systems come onto the electric grid, how will notoriously energy-hungry processes like bitcoin fare?

In financial services, environmental, social and governance (ESG) is becoming the new buzzword among impact-minded corporations. An example of this was the latest letter from BlackRock CEO Larry Fink promising a fundamental reshaping of finance.

Related: Plastics Recycling Looks Promising to Enterprise Blockchain Startups

Bitcoin, although it’s also about fundamentally reshaping finance, has earned a bad reputation when it comes to energy use, thanks to the vast number of specially-designed computers needed to carry out its mining process.

Read more: Hyperledger Conference Shows Where Blockchain Can Fight Global Warming

How you choose to interpret bitcoin’s energy consumption…

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