“Blockchain technology holds immense promise that may make our personal information more secure and economy more efficient,” the letters said. “However, the energy consumption and hardware required to support [Proof-of-Work]-based cryptocurrencies may, in some instances, produce severe externalities in the form of harmful emissions and excess electronic waste (e-waste).”
Related posts
-
Crypto Analyst Predicts Massive Move For Bitcoin, What’s The Target?
Despite BTC’s recent unimpressive price action, crypto analyst Doctor Profit has shared his bullish sentiment for... -
Pantera Capital Wins Bid To Purchase a Stash of Discounted Solana From Bankrupt Crypto Exchange FTX: Report
Crypto asset manager Pantera Capital has reportedly won a bid to purchase discounted Solana (SOL) from... -
Warren Flags Crypto Ties to Child Sexual Abuse in Letter to U.S. DOJ, Homeland Security
Cryptocurrency has become “the payment of choice for perpetrators of child sexual abuse and exploitation,” the...