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Your argument is completely valid against Ethereum and Bitcoin, I hope they will be used less to reduce the energy used by crypto. However the vast majority of
by lui8906 5y ago
Your argument is completely valid against Ethereum and Bitcoin, I hope they will be used less to reduce the energy used by crypto. However the vast majority of others use Proof of Stake and a fraction of the energy. Take Solana, currently the 5th largest by MCAP, a tx uses a similar amount of energy as two Google searches. I am pointing this out as I see often the whole crypto market lumped together but crypto networks are not all created equally. Some are 10 years old and others are 2 years with vastly different implementations.
> https://solana.com/news/solana-energy-usage-report-november-2021 https://solana.com/news/solana-energy-usage-report-november-...