▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
The White House has floated the possibility of limiting or eliminating the proof-of-work mechanism that underpins Bitcoin and its blockchain network—a move that would strike a blow at the heart of the digital asset economy.
The White House Office of Science and Technology Policy recommended in a report Friday that greenhouse gas emissions and other environmental impacts stemming from crypto “mining” should be limited. The team called for standards for low energy intensities, low water usage, low noise generation, clear energy usage by operators, and standards over carbon-free generation to match or exceed electricity load that tighten over time.
“Should these measures prove ineffective at reducing impacts, the Administration should explore executive actions, and Congress might consider legislation, to limit or eliminate the use of high energy intensity consensus mechanisms for crypto-asset mining,” the White House said in a statement.
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▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
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