Environmental groups want Bitcoin to follow Ethereum’s example in moving to proof-of-stake By Cointelegraph
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Environmental groups want Bitcoin to follow Ethereum’s example in moving to proof-of-stakeTransitioning the blockchain from proof-of-work to proof-of-stake has reduced its energy usage by more than 99% — and many climate activists have called for to follow suit.
In a Thursday notice following the Merge, the United States-based Environmental Working Group, or EWG, announced it would be starting a $1-million campaign aimed at urging Bitcoin (BTC) to go green as opposed to using an “outdated protocol” like PoW. The announcement came amid environmental activity group Greenpeace launching a petition directly at Fidelity Investments to facilitate the transition to PoS.
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Environmental groups want Bitcoin to follow Ethereum’s example in moving to proof-of-stakeTransitioning the blockchain from proof-of-work to proof-of-stake has reduced its energy usage by more than 99% — and many climate activists have called for to follow suit.
In a Thursday notice following the Merge, the United States-based Environmental Working Group, or EWG, announced it would be starting a $1-million campaign aimed at urging Bitcoin (BTC) to go green as opposed to using an “outdated protocol” like PoW. The announcement came amid environmental activity group Greenpeace launching a petition directly at Fidelity Investments to facilitate the transition to PoS.
Continue Reading on Coin Telegraph
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