Altcoins News
By Maheen Hernandez
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Joel Katz, Ripple CTO, in the recent Blockstars podcast spoke about how energy consumption is a critical side effect of blockchain technology.
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Sid John Leopold, in the recent Blockstars Episode was with Joel Katz. Sid John Leopold is a young entrepreneur and author of the scientific article, “How eco-friendly is our…
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When asked, discussing about the carbon footprint of money, tell us about the sustainability of the currency today. What currencies did you analyze and compare?
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Sid John Leopold stated: In the scientific article, I compared Bitcoin, Ether, XRP, and the USD on the VISA network.
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Bitcoin and Ether will be using far more energy than the other two. But what surprised me is that XRP as a blockchain is more efficient than the USD in the Visa Network.
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So, how much of a problem is this? Are we talking about a tiny blip in the energy landscape total or are we talking about something that is important today.
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If you look at Bitcoin, it actually uses more energy than whole countries for example, Iceland and Syria.
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And, compared to some of the biggest companies around the world that are technology only basically and have hundreds and thousands of services around the globe.
The Currency Analytics
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