Greenpeace plans to spend $1 million to air advertisements for its “Change the Code, Not the Climate” campaign.
With such prominent billboards, Greenpeace hoped to get the eye of prominent Bitcoin backers like Fidelity Investments and Block CEO Jack Dorsey.
The Ethereum blockchain engineers successfully switched the Ethereum network to the Proof-of-Stake Beacon chain, which finally resulted in a reduction in energy consumption of almost 99%, setting off a fire under this environmental activist group’s movement.
According to Michael Brune, the director of the Change the code, not the climate campaign, excessive carbon emissions in our environment are a major contributor to natural disasters, thus we need to address these problems as soon as feasible.
Also, he added, “Ethereum has demonstrated that switching to an energy-efficient approach is feasible with significantly lower air, water, and climate pollution. ”
For years, several cryptocurrency protocols have used effective consensus processes. Bitcoin is now the exception.
Given that it was less decentralized than the Proof-of-stake Consensus model, the bulk of Bitcoin advocates attacked it in recent years.
A small number of Bitcoin maximalists asserted that more than 50% of Bitcoin mining operations use renewable energy.
Michael Saylor, the creator of Microstrategy, specifically stated that 59.5% of Bitcoin mining operations depend on completely renewable energy sources and that switching the Bitcoin protocol from Proof-of-work to Proof-of-stake Consensus does not make sense.
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