Comment on Is cryptocurrency good for anything?

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Nibodhika@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

Bitcoin in specific doesn’t scale, but other things like Bitcoin Cash scale without increasing the energy usage, because the energy cost of PoW Blockchains comes from their security, not from the scale, so doing 1 or thousands of transactions costs the same.

Plus, things like Ethereum have migrated to PoS which uses very small amount of energy comparable and also scales without increasing energy costs.

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