VeriBlock Funds Initiative to Recycle Bitcoin’s Energy Consumption to Secure Dogecoin, Countering Hostile ‘Blood Bitcoin’ Narrative
After Bitcoin’s recent bull-run, renewed climate concerns have brought the debate over its energy consumption back into the public spotlight, with notable names in the finance industry coining disparaging phrases like “Blood Bitcoin,” despite the significant hidden environmental impact of the traditional finance ecosystem Bitcoin plans to supplant. Recycling Bitcoin’s energy consumption to secure blockchains …. Read More
Galaxy Digital Report “The energy consumption of the banking system is about 2.3 times that of Bitcoin”
According to a report by the cryptocurrency investment bank Galaxy Digital, it pointed out that the banking system consumes more energy than Bitcoin. This was reported by Chain News on the 17th. Galaxy Digital compared the energy consumption of the banking system, gold, and bitcoin using a quantitative research method in its report’Bitcoin’s Energy Consumption …. Read More