cryptocurrency sector

[ad_1] Overall global energy savings may be curbed if computers previously used to secure the Ethereum blockchain are repurposed to mine other cryptocurrencies. This year's revamp of the Ethereum blockchain to curb its power use by an estimated 99% was hailed as a seminal step toward making the cryptocurrency sector greener but a new analysis indicates the reality is a little more complicated. Overall power savings and climate gains are likely to be curbed if the electricity-hungry computers that previously helped to operate the network have been repurposed to mine other energy-intensive tokens, according to a paper published Tuesday in Cell Press journal Patterns by Alex De Vries, who runs the research platform Digiconomist. Most of the processing power “used to mine Ethereum co...

[ad_1] The failure of the FTX platform has undermined investor confidence and threatened the young cryptocurrency sector, pushing its main players to mobilise to save it. The failure of the FTX platform has undermined investor confidence and threatened the young cryptocurrency sector, pushing its main players to mobilise to save it.The boss of the largest cryptocurrency exchange platform, Binance, did everything to reassure investors on Tuesday. "The projects that survive this difficult time will be much stronger later on," said Changpeng Zhao in response to questions from Internet users on Twitter. But for now, the market is shaken.Cryptocurrencies are valued at $870 billion, according to data from Coingecko, a site that lists more than 13,000 of them through 600 exchanges.Less than ...

Tag: cryptocurrency sector

Ethereum Energy Revamp Is No Guarantee of Global Climate Gains

After FTX collapse, cryptocurrency sector fights back