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Blockchain Climate Discussion Focus Is Missing Point By Cointelegraph

As the non-fungible tokens craze took off at the beginning of the year, many weather conscious artists he vocalized his disapproval of Ethereum’s power consumption. In May, Elon Musk derailed (BTC), citing the energy consumed by Bitcoin as the cause of Tesla (NASDAQ 🙂 to withdraw your plans to accept BTC as payment for your electric cars.

Both events have sparked a lot of debate within and outside of the blockchain community. In particular, the arguments tend to focus on two areas: Bitcoin’s energy consumption and its reliance on climate-damaging fossil fuels versus renewables, and second, the benefits of one blockchain platform over another, generally focusing on consensus models and promoting proof-of-stake as the greenest option.

Frosty Hawkins (NASDAQ 🙂 is the founder and CEO of Cudo Ventures, a global cloud computing and monetization software provider, and Cudos, a decentralized cloud computing network that bridges the gap between cloud and blockchain by recycling the world’s idle computing power. . He previously founded C4L in 2000, which was acquired in 2016 and was one of the UK’s fastest data center ISPs, supporting around 1% of the UK’s internet infrastructure, and was the winner of many fast-growing awards. including: The Sunday Times Tech Track 100, Deloitte UK Technology Fast 50 and Technology Fast 500 EMEA UK, and many more.