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They then outline alternative applications of the underlying blockchain technology that could rather advance climate change mitigation programs. Abstract Cryptocurrencies are a form of digital currency whose popularity has rapidly increased over the past decade. What distinguishes them from other electronic currencies is their underlying technology known as the blockchain, a decentralized public ledger in which transactions among the network peers are accurately and securely recorded.
The validation and mining process, where new coins are issued, is highly computationally intensive and thus requires vast amounts of energy. The literature estimates energy consumption levels of the cryptocurrency mining to be as high as those of countries such as Angola, Iceland or Cuba, and a corresponding emission of at least million tons of CO2.
We discuss these estimated impacts of Bitcoin and other cryptocurrencies on both energy levels and the environment, and then outline alternative applications that could promote climate change mitigation. To find out which e-learning platform suits you the best, you have to figure out and set your goals first. Once you know what you want to achieve, it will be much easier for you to filter through online learning platforms, as there are so many different ones.
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Is XRP's Future Price Already Set?