Altcoins News
By Maheen Hernandez
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Ripple (XRP) pointed to how computers working 24 hours a day to solve cryptographic puzzles and earn crypto coins produce more than 22 megatons of carbon emissions.
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Marc Blinder, AIKON CEO and Co-Founder in the podcast on how sustainable blockchains will boost adoption stated, “The thing about proof of work is you are basically turning…
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For clarity, CNBC recently published, “Bitcoin's wild ride renews worries about its massive carbon footprint.
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Electricity generation to run the nodes that sustain the PoW accounts for greenhouse gas emissions, thus increasing the carbon foot print.
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Traditional mining practices are coming under the scrutiny of environmentalists and there is a need to come up with more eco-friendly solutions.
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Unsustainable mining practices are only going to be a major hurdle to mass adoption. XRP claims that their carbon footprint is nearly 10 million times smaller than Bitcoin.
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Mass adoption is related a lot to user experience. Anything that is convenient and accessible leads to wider adoption.
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Marc points to how he taught some Syrian refugees to use a crypto wallet. He recollects on how someone was happy knowing that their family will be able to have the Bitcoin…
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Some coins like Doge are gaining greater momentum all of a sudden. This is because they have made something about user experience worthy leading to mass adoption.
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There is always an alternative thought: Someone stated, oh please, stop. Everything in this world is based on energy.
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