When talking about blockchain technology in
academia, business, and society, frequently generalizations
are still heard about its – supposedly inherent – enormous
energy consumption. This perception inevitably raises
concerns about the further adoption of blockchain technology, a fact that inhibits rapid uptake of what is widely
considered to be a groundbreaking and disruptive innovation. However, blockchain technology is far from homogeneous, meaning that blanket statements about its energy
consumption should be reviewed with care. The article is
meant to bring clarity to the topic in a holistic fashion,
looking beyond claims regarding the energy consumption
of Bitcoin, which have, so far, dominated the discussion.
Blockchain Energy Use
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