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Bank of Canada digital currency would be greener than Bitcoin, deputy says | iNFOnews


Jordan Press
Bank of Canada deputy governor Timothy Lane delivers a keynote at the Ottawa Board of Trade in Ottawa, on Thursday, Dec. 5, 2019. THE CANADIAN PRESS/Justin Tang
May 26, 2021 - 1:23 PM
OTTAWA - A senior official at the Bank of Canada says any digital currency the central bank may offer in the future would be more environmentally friendly than Bitcoin and other rivals.
Deputy governor Timothy Lane said Wedneday that the central bank has looked at the environmental impacts as part of its research into creating its own digital offering.
Mining Bitcoin consumes more energy annually than some countries like the Netherlands, according to the Cambridge Bitcoin Electricity Consumption Index, as computers around the world solve complex mathematical equations to unearth one of the finite digital coins. ....

United States , Elon Musk , Justin Tang , Canadian Chamber , Timothy Lane , Ottawa Board , Cambridge Bitcoin Electricity Consumption Index , North America , Canadian Press , ஒன்றுபட்டது மாநிலங்களில் , ஜஸ்டின் டாங் , கனடியன் அறை , தீமோத்தேயு சந்து , ஆடவா பலகை , கேம்பிரிட்ஜ் பிட்காயின் மின்சாரம் நுகர்வு குறியீட்டு , வடக்கு அமெரிக்கா , கனடியன் ப்ரெஸ் ,

BoC digital currency would be greener than Bitcoin, deputy says


Jordan PressCanadian Press
A senior official at the Bank of Canada says any digital currency the central bank may offer in the future would be more environmentally friendly than Bitcoin and other rivals.
Deputy governor Timothy Lane said Wedneday that the central bank has looked at the environmental impacts as part of its research into creating its own digital offering.
Mining Bitcoin consumes more energy annually than some countries like the Netherlands, according to the Cambridge Bitcoin Electricity Consumption Index, as computers around the world solve complex mathematical equations to unearth one of the finite digital coins.
Those same computers are also running around the world to update Bitcoin’s decentralized ledger so transactions can happen as easily as two people exchanging a loonie. ....

United States , Elon Musk , Canadian Chamber , Mining Bitcoin , Cambridge Bitcoin Electricity Consumption Index , North America , ஒன்றுபட்டது மாநிலங்களில் , கனடியன் அறை , சுரங்க பிட்காயின் , கேம்பிரிட்ஜ் பிட்காயின் மின்சாரம் நுகர்வு குறியீட்டு , வடக்கு அமெரிக்கா ,