Bitcoin, energy and climate change

The ecological concerns of bitcoin mining continue to be a topic of discussion. Bitcoin is a network of peer-to-peer transactions worth more than $1 Trillion that has the ability to store and transmite value without an intermediary. Bitcoin is used by millions of users and serves a purpose of using a decentralized protocol to settle transactions outside of entities and institutions. Bitcoin is thus a currency enabled by technology, and like all technology it requires to be powered by energy. Bitcoin is not wasting energy, it’s rather responding to a demand from its users reflected in higher…