
Bitcoin is capable of raising the earth's temperature by two degrees
NEW YORK (Reuters Health) - Skewing and trading digital currencies, such as "brewing", could lead to enough emissions to increase the Earth's temperature by two degrees Celsius by 2033, a new study warned.
The study, published in the journal Nature Climate Change, showed that the equipment and the amount of electricity required for digital coinage could exacerbate climate change.
Katie Taladay, co-author of the study at the University of Hawaii, said: "At present, transportation, housing and food production are the main cause of climate change, but this study shows that it can be added to the list."
The digital currency is one of the most important financial phenomena of our time. This coin was first introduced 10 years ago by an anonymous programmer, Satoshi Nakamato, when he published a paper that sets out the principles and foundations of the digital currency independent of any official institutions. The ideas of the paper were revolutionary as this currency would not be subject to the rules of central banks or to the national borders of States
Instead of the protection provided by central banks and national institutions of the traditional currency, the serial data technology used to issue digital currencies guarantees the credibility and security of these currencies. Serial data technology is a visual transaction book for everyone where each transaction is recorded behind the other. If anyone tries to tamper with this series, it will be detected immediately because there are too many copies of this book or record available to everyone.
This technique prevents the use of one virtual currency per person more than once, as once used by this person in the purchase or sale immediately move to the other party's wallet to become the only one able to reuse.
According to a study published by financial analyst and specialist in serial data technology, "Alex de Fries," in a study published in May last, the amount of electricity consumed in the form of decomposition equivalent to the amount of electricity used in Ireland.
According to de Freese, the process of decomposition could use about half of the world's total electricity consumption by the end of this year.