The rise of digital currencies has ignited a debate on the crypto impact on the environment. With different blockchain technologies like Bitcoin, Cardano, and Solana, the environmental implications of each must be considered before they are ready for mass adoption.
As regulatory scrutiny heightens worldwide, it is important to explore the environmental effects of these cryptos and determine which may have the most serious environmental consequences.
The Environmental Debate on Cryptos
As cryptocurrencies gain popularity, concerns about their environmental impact have grown.
In a bid to increase consciousness surrounding the ecological consequences of Bitcoin mining, Greenpeace joined forces with art activist Benjamin Von Wong as part of its continuing “change the code, not the climate” initiative. The campaign’s objective is to transition Bitcoin’s consensus method to a greener Proof of Stake (PoS) model.
On March 23, Greenpeace unveiled the artwork it had commissioned, “Satoshi’s Skull.” This striking piece features an 11-foot-tall (3.3 meters) skull adorned with the Bitcoin emblem and glowing red laser eyes.
Constructed from repurposed e-waste, the skull is embellished with “smoking stacks” representing the “fossil fuel and coal pollution” generated by Bitcoin mining, as well as the “millions of computers” employed in verifying transactions on the network.
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Author: Bary Rahma
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