Is Ethereum More Environmentally Friendly Than Bitcoin?
CoinEdition
Published May 24, 2021 01:15PM ET
Updated May 24, 2021 01:30PM ET
Is Ethereum More Environmentally Friendly Than Bitcoin?
- Carbon-footprint breakthroughs could make ETH more environment friendly than BTC.
- ETH and BTC both work using a proof-of-work system.
- Proof-of-work uses the costs of purchasing and maintaining computer hardware.
- The progress on proof-of-stake is shown by a test net.
Developers and users of the most-used blockchain have been wrangling with its carbon footprint issue. However, many recent breakthroughs will finally allow them to slowly cut energy use in a year. Notably, this breakthrough could make Ethereum (ETH) more environment-friendly than Bitcoin (BTC).
ETH and BTC both work using a proof-of-work system that needs a global network of computers running around the clock. Moreover, software developers work for years to transition the ETH blockchain to a proof-of-stake system. This system uses a different approach to secure the network that eliminates the carbon emissions problem.
However, the change was delayed by more technical setbacks that could not come soon enough for the crypto world. This weathere...
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