We knew it was inevitable. Now environmentalists want BTC to go proof-of-stake.
Speaking to Cointelegraph, EWG senior vice president of government affairs Scott Faber suggested the Merge event was generally “good for the climate” in reducing the energy requirements for the Ethereum blockchain. He cited a September report from the White House Office of Science and Technology Policy that concluded that cryptocurrencies — specifically noting PoW staking —and greenhouse gas emissions, using more power in the United States than that for home computers.
Faber added that he would support any efforts by the White House to set energy standards affecting crypto miners, saying regulators “should not stand by and hope for the best” but needed to take action “quickly” given the climate crisis:
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