As the popularity of cryptocurrencies grew, so did the amount of energy required to produce them. Especially in the case of the two biggest ones: Bitcoin and Ethereum. This has sparked criticism from environmentalists, who have begun to express concerns about digital assets’ impact on the environment. Nonetheless, Bitcoin and Ethereum are fairly old blockchains (by the standards of the crypto world) that operate on an energy-intensive proof-of-work consensus method. As part of this process, so-called miners “mine” bitcoins and thus consume energy. All of this leads to massive emissions of carbon dioxide. And while many maximalists argue that bitcoin
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