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.
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