Revisiting Bitcoin’s Energy ‘Problem’ in the Face of ESG Investment Mandates – Bitcoin News | Bitcoin Price | 1 BTC To USD | Bitcoin Price Today | Crypto Value | Current Bitcoin Price Live Chart | BTC Mining Rate Calculator | Bitcoin Marketing
Revisiting Bitcoin’s Energy ‘Problem’ in the Face of ESG Investment Mandates – Bitcoin News | Bitcoin Price | 1 BTC To USD | Bitcoin Price Today | Crypto Value | Current Bitcoin Price Live Chart | BTC Mining Rate Calculator | Bitcoin Marketing
The preceding point about transaction validation is important because it is enticing to compare the energy density of Bitcoin transactions to something like Visa (V). Bitcoin can only handle seven transactions per second compared to Visau2019s 24,000+. But, remember, Bitcoin doesnu2019t use energy to validate transactions. The minersu2019 job is to secure the network, add new blocks of data to the chain and win bitcoin in return. Thatu2019s what they spend energy on. Theyu2019re not primarily interested in validating transactions. That consensus on the true state of the network is primarily the job of non-mining, Bitcoin full nodes. Plus, Bitcoin transactions are not the same as Visa or other payment processorsu2019 transactions. Bitcoin transactions provide (probabilistic) finality, Visau2019s donu2019t. Visau2019s success depends on the success of separate systems. Visau2019s u201ctokenu201d is not native to its network. rnCredit: Source link
