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Blockchain solutions have been criticized because of the huge amount of energy needed to power the currencies. Bitcoin alone consumes 150 terawatt hours of electricity annually — the same amount used by all of Argentina, a country of 45-million people.…
Blockchain is a distributed technology that runs on a peer-to-peer network for decentralizing transactions. Blockchains can remove the need for banks and central clearing houses and have been applied in the areas of fund transfers, trading, logistics, contracts, voting, and…
Last week, September 15th, marked the completion of the Etherium cryptocoin’s ‘Merge‘. Etherium has migrated from a Proof-of-Work model to a Proof-of-Stake model. With ‘Proof-of-Work’, Etherium ‘miners’ needed to use massive amounts of computer cycles to derive new Etherium coins.…
Cryptocurrencies are on track to replace fiat government-issued currencies within ten years according to separate predictions by Deloitte and Deutsche Bank. The Deloitte report found that “the end of physical money as we know it represents an overdue — and…
The rise in popularity of Bitcoin and other crypto coins and currencies is getting business and government to reevaluate crypto and how they should address it. Financial service companies in particular worry that cryptocurrencies could be a threat to their…