Digital cureencies arose with developments in technology. The most popular digital currency is Bitcoin. Now, Bitcoin is in the headlines about it’s energy consumption. Because, statistics shows that it consumes more energy than Switzerland. Here are the details.
Why Bitcoin ’s energy consumption makes people concerned?
Cryptocurrencies preferred as technology develops. While many more models are introduced or on it’s way to introduce; Bitcoin is the most famous. And Bitcoin is a decentralized currency like any of it’s counterparts.
While it’s being independent from limitations and contracts; it has an electronic mechanism. So, it’s produced on an electronic envoirment and relies on strong systems. But, it creates danger because it consumes vast amounts of energy.