{"id":14708,"date":"2022-11-22T10:46:32","date_gmt":"2022-11-22T10:46:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-is-falling-behind-in-the-battle-against-climate-change-news-bitcoin-news\/"},"modified":"2022-11-22T10:46:32","modified_gmt":"2022-11-22T10:46:32","slug":"bitcoin-is-falling-behind-in-the-battle-against-climate-change-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-is-falling-behind-in-the-battle-against-climate-change-news-bitcoin-news\/","title":{"rendered":"Bitcoin Is ‘Falling Behind’ in the Battle Against Climate Change \u2013 News Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Greenpeace, the international, environment-conscious non-governmental organization (NGO), has criticized the lack of action that Bitcoin-related groups have adopted in the battle against climate change. Rolf Skar, of Greenpeace USA, stated that Bitcoin was \u201cfalling behind\u201d on this issue, explaining that most Bitcoin-linked groups fail to even acknowledge the ostensible problem.<\/strong><\/p>\n

Greenpeace Blasts Bitcoin\u2019s Lack of Action<\/h2>\n

Greenpeace, the well known environmentalist organization, is criticizing the stance that many Bitcoin-linked companies and organizations have taken regarding the so-called \u201cclimate change\u201d phenomena. According to its latest press statement, most of the key players in the Bitcoin environment refuse to acknowledge the problem at all.<\/p>\n

Rolf Skar, Special Projects Manager at Greenpeace USA, stated<\/a>:<\/p>\n

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Bitcoin is falling even further behind as others in the crypto industry work to tackle the climate crisis. While other crypto technologies are making changes to become more efficient and, and coming up with approaches to address historic climate pollution, Bitcoin \u2018mining\u2019 has become dirtier in recent years with coal as its top source of electricity.<\/p>\n<\/blockquote>\n

The organization advocates for a change in how Bitcoin works, proposing a pivot from the current proof-of-work consensus mechanism, to a less energy-intensive proof-of-stake consensus. This push is known as the \u201cChange the Code, Not the Climate<\/a>\u201d campaign, which also has the support of the World Economic Forum (WEF). This is exactly the change that Ethereum made on September 15, in an event<\/a> known as \u201cThe Merge.\u201d<\/p>\n

Ethereum\u2019s Pivot<\/h2>\n

In contrast, after the aforementioned pivot, Ethereum is now seen as a more environment-friendly platform. Skar referred to the recently launched Ethereum Climate Platform as an \u201cexample of crypto platforms taking the initiative to mitigate the climate crisis.\u201d<\/p>\n

The Ethereum Climate Platform is an alliance<\/a> of Web3 companies that will address the environmental impact of Ethereum\u2019s operations while it was using proof-of-work consensus. The group includes companies such as Microsoft, Huobi, Polygon, Consensys, and Allinfra, and will center its focus on investing in several initiatives that seek to use the current technology to achieve decarbonization.<\/p>\n

Among these initiatives are green hydrogen, zero carbon power opportunities, heating, cooling, and other utilities, and carbon removal projects.<\/p>\n

As part of its rejection of the operation of the Bitcoin network, Greenpeace stopped<\/a> accepting bitcoin donations in May 2021, having implemented the functionality in 2014. At the time, the organization noted that \u201cas the amount of energy needed to run bitcoin became clearer, this policy became no longer tenable.\u201d<\/p>\n

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\nTags in this story
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Bitcoin<\/a>, Carbon Emissions<\/a>, consensus mechanism<\/a>, decarbonization<\/a>, energy intensive<\/a>, Ethereum<\/a>, Ethereum Climate Platform<\/a>, greenpeace<\/a>, Proof of Work<\/a>, Proof-of-Stake<\/a>, Rolf Skar<\/a><\/div>\n<\/div>\n

What do you think about Greenpeace and its criticism of Bitcoin? Tell us in the comments section below.<\/strong><\/em><\/p>\n

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\nSergio Goschenko <\/h6>\n

\nSergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Rob Wilson \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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