Blockchain has been under the spotlight in the past year like never before. The utopian vision of a global digital financial revolution, more accessible and fair, that would replace the traditional international financial system has grown exponentially. But this same growth has created a set of problems.
From the intense use of energy and its carbon footprint, to the vulnerability and volatility revealed after the May 2022 Luna crypto crash, and a recent report that questions its decentralization, the blockchain now faces a new set of challenges.
Can blockchain transactions be green, transparent, fair and safe? Some new blockchain startups say, “Yes.” They are pushing the limits coding new innovative algorithms that might just be the future of blockchain.
The blockchain’s green energy problem
Global Investor Group reported on July 6, 2022, on the findings of the new study of the reg tech firm CUBE. According to the report, regulators are neglecting the environmental impact of crypto...
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https://newsupdate.uk/zero-carbon-equitable-and-feeless-recoding-the-blockchain/
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