How Ethereum plans to get around a major drag on crypto prices ...Middle East

Quartz - Economy
How Ethereum plans to get around a major drag on crypto prices
source : Quartz ( Middle East ) () 23
Climate change is becoming a major financial liability for bitcoin. Tesla CEO Elon Musk said on May 12 that the company will no longer accept the cryptocurrency as payment, over concerns “about rapidly increasing use of fossil fuels for bitcoin mining and transactions.” Other organizations may follow suit: Greenpeace became the latest on May 20, telling the Financial Times that it will stop accepting bitcoin for donations, which it has done since 2014.Bitcoin mining globally uses about as much electricity as the nation of Argentina, producing a similar volume of greenhouse gas emissions to the London metro area. The reason for the big footprint is rooted in how bitcoins are “mined”: Fleets o

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