Energy Consumption and Reduction in Cryptocurrency
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Authors
DeJarnette, Jonah
Reeves, Gary
Kardani, Arsha
Farquharson, Mikhail
Issue Date
2022-03-28
Type
Other
Language
en_US
Keywords
Energy consumption , Cryptocurrency , Bitcoin , Sustainability
Alternative Title
Abstract
Proof of Work Cryptocurrencies struggle in the modern world because of their tremendous energy output. To remedy this, it is suggested that green energy be converted to in order to provide cleaner energy, or switch to a less energy intensive validation mechanism, such as proof of stake, to cut this enormous energy output.