Is Ethereum More Environmentally Friendly Than Bitcoin?
- Carbon-footprint breakthroughs could make ETH more environment friendly than BTC.
- ETH and BTC both work using a proof-of-work system.
- Proof-of-work uses the costs of purchasing and maintaining computer hardware.
- The progress on proof-of-stake is shown by a test net.
Developers and users of the most-used blockchain have been wrangling with its carbon footprint issue. However, many recent breakthroughs will finally allow them to slowly cut energy use in a year. Notably, this breakthrough could make (ETH) more environment-friendly than (BTC).
ETH and BTC both work using a proof-of-work system that needs a global network of computers running around the clock. Moreover, software developers work for years to transition the ETH blockchain to a proof-of-stake system. This system uses a different approach to secure the network that eliminates the carbon emissions problem.
However, the change was delayed by more technical setbacks that could not come soon enough for the crypto world. This weathere…
This article was first published on coinquora.com
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
