all InfoSec news
Can Bitcoin Stop Climate Change? Proof of Work, Energy Consumption and Carbon Footprint (SoK). (arXiv:2304.04578v2 [cs.DC] UPDATED)
cs.CR updates on arXiv.org arxiv.org
Despite their potential in many respects, blockchain and distributed ledger
technology (DLT) technology have been the target of criticism for the energy
intensity of the proof-of-work (PoW) consensus algorithm in general and of
Bitcoin mining in particular. However, mining is also believed to have the
potential to drive net decarbonization and renewable penetration in the energy
grid by providing ancillary and other services. In this paper, we systematize
the state of the art in this regard. Although not completely absent …
algorithm bitcoin blockchain carbon change climate climate change distributed distributed ledger dlt energy general ledger mining pow proof of work target technology work