June 19, 2024

The head of Ripple again criticized Bitcoin

The CEO of a blockchain startup from San Francisco recalled how much electricity it consumesdigital money mining, and how it affects the environment.

Brad Garlinghouse, CEO of Ripple, criticized againBitcoin The CEO of the American company said that wasting energy on mining is a “waste” that is harmful to the environment due to carbon dioxide emissions. At the same time, altcoin XRP was issued by pre-mine, and its consensus algorithm reduces energy consumption.

“Energy Consumption by Bitcoin and Ethereum Mining- This is a huge waste. And no one takes responsibility for this carbon footprint. It is unbelievable that this is not at the top of the agenda for the global climate crisis, ”Garlinghouse wrote.

He responded to a Telegraph publication in whichIt says that one transaction in BTC consumes more electricity than the average British family in two months. Journalists also claim that the negative environmental impacts of digital money mining are comparable to emissions from all of New Zealand.

Also, earlier, the dangers of mining were declaredPwC blockchain expert Alex de Fries. He said that one transaction in the Bitcoin network produces more carbon dioxide than 780,650 transfers in the Visa system and 52 thousand hours of watching videos on YouTube.

Last February, billionaire Elon Musk also called on Bitcoin to limit mining. According to him, energy-intensive computing is one of the drawbacks of cryptocurrencies.