Crypto and Climate Change: Can Web3.0 Help Get us to Net Zero | Authored by Dr. Kirti Sharma
With current market capitalisation (globally) for crypto assets touching almost $1 trillion and almost 38 kilotons of annual e-waste produced due to Bitcoin mining (it is a by-product as mining hardware becomes obsolete very quickly), crypto assets are becoming a strong source of GHG emissions and could stifle efforts to achieve net-zero carbon pollution hampering climate commitments. Non Fungible token’s carbon footprint is comparable to a month’s worth of electricity for a person living in the EU, probably more than that (invetopedia.com).
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