Maya, thanks for the read. My idea with this article was to share my entry into crypto. The power consumption of POW chains is highly controversial issue and I would love to research it myself and address it in another article.
Thank you for sharing your story, Deepa. I agree that there is so much potential for GOOD in crypto. However, there is also a tremendous amount of energy being used for mining Bitcoin and Ethereum, so I was disappointed that you didn't mention the need to support cryptocurrencies that use proof of stake rather than proof of work consensus mechanisms. It isn't just a small difference between, say, Bitcoin and Solana. It is an enormous difference by magnitudes in energy usage! While we encourage more widespread use of crypto, we must at the same time inform users that their choices can either cause great harm or, in the case of some carbon-negative options, help the planet.
Maya, thanks for the read. My idea with this article was to share my entry into crypto. The power consumption of POW chains is highly controversial issue and I would love to research it myself and address it in another article.
Thank you for sharing your story, Deepa. I agree that there is so much potential for GOOD in crypto. However, there is also a tremendous amount of energy being used for mining Bitcoin and Ethereum, so I was disappointed that you didn't mention the need to support cryptocurrencies that use proof of stake rather than proof of work consensus mechanisms. It isn't just a small difference between, say, Bitcoin and Solana. It is an enormous difference by magnitudes in energy usage! While we encourage more widespread use of crypto, we must at the same time inform users that their choices can either cause great harm or, in the case of some carbon-negative options, help the planet.