New studies have examined the water consumption of Bitcoin, with alarming results.
Bitcoin, the world’s leading cryptocurrency, has long been under scrutiny for its environmental impact due to the energy-intensive nature of its mining process.
Since its inception in 2008, Bitcoin has never been hacked. Its tight security, provided by its proof-of-work (PoW) consensus mechanism, provides value to the cryptocurrency.
PoW, however, is energy-intensive and relies on complex cryptographic algorithms requiring vast computational power.
