This article Ive read talked about how cryptocurrencys electricity usage is massive and how we need to take it seriously as a climate threat. It stated that since November 2017, the power consumed by the entire bitcoin network was estimated to be higher than that of the Republic of Ireland and have only grown till now.
Recently, NeuronChain, an eco-friendly decentralized financial system caught my attention. They dont use as much energy as Bitcoin uses since their transactions only use simple hardware to secure the network thus, saving lots of energy usage. For me, having this important quality is a great help not only for users like me but also to the environment.
What are your thoughts about it?
If you find it interesting, you can read more about it here:
https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-cryptocurrency.
As for more info about NeuronChain:
NeuronChain Website:
http://neuronchain.io/