Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has seen an unprecedented rise in popularity over the past decade. Yet, as with all technological advancements, it comes with its own set of environmental consequences - most notably from cryptocurrency mining. This process involves complex computational work which requires significant amounts of energy and contributes to greenhouse gas emissions worldwide. Understanding this unseen environmental cost is crucial for assessing the full impact of cryptocurrencies on our world.The Process and Impact of Cryptocurrency Mining
The term Cryptocurrency mining refers to the procedure where powerful computing resources are employed to solve intricate mathematical tasks, with the end goal of validating transactions and incorporating them into the blockchain. This term, blockchain, signifies a continuously growing record of transactions, grouped into blocks. This method of transaction validation is not only...
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