Green Blockchain Initiatives for Sustainable Cryptocurrencies: An Overview

• Published in: The ICFAI journal of financial risk management Vol. 20; no. 4; pp. 42 - 57
• Main Author: Bhattacharjee, Sandeep
• Format: Journal Article
• Language: English
• Published: Hyderabad IUP Publications 01.12.2023
• Subjects: Energy consumption; Energy efficiency; Environmental impact; Sustainability

Due to its promise of transparency, security, and decentralization, blockchain technology has seen extensive adoption across a wide range of businesses. However, the energy-intensive nature of typical blockchain networks, especially those based on proof of work (PoW) consensus algorithms, creates se...