Ripple CEO Partners With Climate Groups To Change Bitcoin Code
- Ripple’s co-founder Cris Larsen and some climate activists run a to change the Bitcoin code.
- The campaign is designed to pressure the Bitcoin community to alter the way it orders transactions that already consume as much power as Sweden
- Cris Larsen provides $5 million to buy ads spaces across leading media worldwide.
Cryptocurrency mining has received widespread criticism over the years because of the huge energy needed to conduct the activity. The criticisms have caused the world’s second-largest crypto Ethereum (ETH), which was originally built on the Proof-of-Work (PoW) algorithm, to launch significant efforts toward transitioning to a Proof-of-Stake (PoS) model.
wonder how this will turn out??