Ethereum Closes in on Long-Sought Fix to Cut Energy Use Over 99 Percent
Ethereum and Bitcoin both operate using a proof-of-work system that requires a global network of computers running around the clock. By Matthew Leising, Bloomberg | Updated: 25 May 2021 13:17 IST
Highlights
The transition Ethereum developers are making is a huge undertaking Proof of work uses the capital costs of buying and maintaining hardware
Users and developers of the world s most-used blockchain have been wrangling with its carbon-footprint problem for as long as it s been around. Now, they say, several recent breakthroughs will finally enable them to drastically cut energy use in a year or less.
De gros mineurs de bitcoin veulent le rendre plus écolo, mais cela ne va pas être facile numerama.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from numerama.com Daily Mail and Mail on Sunday newspapers.
Ethereum closes in on long-sought fix to cut energy use over 99%
Matthew Leising, Bloomberg News Vitalik Buterin, co-founder of Ethereum Foundation and Bitcoin Magazine, speaks during the TechCrunch Disrupt 2017 in San Francisco, California, U.S., on Monday, Sept. 18, 2017. TechCrunch Disrupt, the world s leading authority in debuting revolutionary startups, gathers the brightest entrepreneurs, investors, hackers, and tech fans for on-stage interviews. Photographer: David Paul Morris/Bloomberg , Bloomberg
Users and developers of the worldâs most-used blockchain have been wrangling with its carbon-footprint problem for as long as itâs been around. Now, they say, several recent breakthroughs will finally enable them to drastically cut energy use in a year or less.
China escalates crackdown on bitcoin mining, trading msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
NFTs may be the future of art but are they threatening the future of the planet? By Sophie Lewis Crypto enthusiasts burn and digitize Banksy artwork
A digital artist known as Beeple sold a piece of entirely digital art through Christie s for over $69 million in March, flipping the art world upside down. But the digital registry where that piece of art, called an NFT, is stored is responsible for the annual emission of more carbon into the atmosphere than most small countries.
So why is everyone so eager to jump on the NFT bandwagon?
NFTs, or non-fungible tokens, are original, unique digital collectibles and they have taken over the art world in the past few months. They hold a unique string of code, stored on a digital ledger known as a blockchain, and their value fluctuates depending on demand.