The Narrative Around Bitcoin S Hefty Carbon Footprint Is Headed Toward A Seminal Shift As Block Tesla And Blockstream Collaborate On A Green Mining Initiative
Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, might just be able to flip the narrative around its carbon footprint should the latest collaboration between Block (NYSE:SQ), Tesla (NASDAQ:TSLA), and Blockstream bear fruit. Readers would remember that the world’s premier cryptocurrency was hammered last year when Elon Musk terminated Tesla’s acceptance of the cryptocurrency, citing Bitcoin’s soaring carbon footprint. To put Bitcoin’s energy use into perspective, let’s take a look at a recent report by Crypto Carbon Ratings Institute (CCRI)....