Blockchain Energy Consumption: Truth or Lies? - Why does blockchain require so much energy?
Channel: Curiosity Cloud
Date: 2021-10-12

Blockchain Energy Consumption: Truth or Lies? - Why does blockchain require so much energy?

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This animation video examines Blockchain energy consumption from credible sources and compares its electricity consumption to the banking and gold mining industry.

A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Bitcoin miners run complex computer rigs to solve complicated puzzles in an effort to confirm groups of transactions called blocks; upon success, these blocks are added to the blockchain record and the miners are rewarded with a small number of bitcoins.

In today's video we will talk about - Bitcoin energy consumption. 

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#blockchain #blockchainenergy #blockchainconsumption #bitcoin #blockchainproblem #bitcoinblockchain #bitcoinenergy #bitcoinconsumption