Environmental Groups Spend Another $1 Million on Ads to Change Bitcoin Token After Merger

Environmental Groups Spend Another  Million on Ads to Change Bitcoin Token After Merger


Earlier Thursday, the Ethereum blockchain – which backs the world’s second largest cryptocurrency – changed its consensus mechanism from Proof of Work (PoW) to Proof of Stake (PoS), eliminating the need for energy-intensive computing power. . Bitcoin, the PoW network, has faced increasing criticism over its energy use, which is on a par with some smaller countries. These criticisms were partially echoed in a report on bitcoin mining published by the White House last week.



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