Cryptocurrencies on the road to sustainability: Ethereum paving the way for Bitcoin

被引：28
|
作者：
De Vries, Alex [1 ,2 ,3 ]
机构：
[1] Vrije Univ Amsterdam, Sch Business & Econ, Amsterdam, Netherlands
[2] Digiconomist, Almere, Netherlands
[3] Nederlandsche Bank, Amsterdam, Netherlands
来源：
PATTERNS | 2023年 / 4卷 / 01期
关键词：
DSML3: Development/pre-production: Data science output has been rolled out/validated across multiple domains/problems;
D O I：
10.1016/j.patter.2022.100633
中图分类号：
TP18 [人工智能理论];
学科分类号：
081104 ; 0812 ; 0835 ; 1405 ;
摘要：
Amid the current climate emergency and global energy crisis, regulators have started to consider their op-tions to limit the power demand of cryptocurrency networks. One specific way crypto-asset communities can limit their environmental impact is by avoiding or replacing the energy-intensive proof-of-work (PoW) mining mechanism. Ethereum, the second largest crypto-asset by market capitalization, had its PoW re-placed with an alternative known as proof-of-stake during an event called The Merge on September 15, 2022. In this perspective, the likely range of electricity saved due to this change is estimated, while the lim-itations in assessing these figures are highlighted. Lastly, the challenges and opportunities in replicating The Merge on other cryptocurrencies such as Bitcoin are discussed.
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页数：5
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