SUSTAINABILITY
transaction of bitcoin has the same carbon footprint as 680,000 Visa transactions or 51,210 hours of watching YouTube .
“ The growing focus on preventing climate change has brought intense scrutiny to Bitcoin and other cryptocurrencies ’ energy usage ,” states Neil Robson , Partner at Katten UK .
So , will crypto staking – and the vast environmental improvements that it creates – lead to the end of crypto mining altogether ?
“ It ’ s unlikely that proof-of-work will be entirely replaced by proof-of-stake or other consensus mechanisms in the near future ,” notes Daniele Servadei , although he acknowledges that “ the growing emphasis on sustainability and environmental impact
“ IT ’ S UNLIKELY THAT PROOF-OF-WORK WILL BE ENTIRELY REPLACED BY PROOF-OF- STAKE OR OTHER CONSENSUS MECHANISMS IN THE NEAR FUTURE ”
DANIELE SERVADEI CEO AND FOUNDER OF ECOMMERCE , SOLUTION SELLIX
88 July 2023