Ripple Co-Founder Teamed Up With Greenpeace to Encourage Community to Change Bitcoin Code
Ripple Co-Founder’s force to greener Bitcoin
Chris Larsen, the co-founder of Ripple, is leading a campaign to persuade the Bitcoin community to switch to a more energy-efficient approach.
The “Change the code, not the climate” campaign, which is backed by Greenpeace and other environmental organizations, tries to persuade Bitcoin miners and influencers like Elon Musk and Jack Dorsey, to switch to a new consensus model.
“If only 30 people — the key miners, exchanges, and core developers who build and contribute to Bitcoin’s code — agreed to reinvent proof-of-work mining or move to a low-energy protocol, Bitcoin would stop polluting the planet.”
Greenpeace is concerned that the energy required to mine Bitcoin is mostly sourced from fossil fuels, and that miners are fueling their operations with coal waste and related natural gas.
Greenpeace received Bitcoin donations for seven years, from 2014 until May 2021, before stating that it would no longer accept them due to environmental concerns. Elon Musk, the CEO of Tesla, stopped taking Bitcoin payments for Tesla vehicles at the same time.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
ripple ripple ripple
Author
Ripple Co-Founder’s force to greener Bitcoin
Chris Larsen, the co-founder of Ripple, is leading a campaign to persuade the Bitcoin community to switch to a more energy-efficient approach.
The “Change the code, not the climate” campaign, which is backed by Greenpeace and other environmental organizations, tries to persuade Bitcoin miners and influencers like Elon Musk and Jack Dorsey, to switch to a new consensus model.
“If only 30 people — the key miners, exchanges, and core developers who build and contribute to Bitcoin’s code — agreed to reinvent proof-of-work mining or move to a low-energy protocol, Bitcoin would stop polluting the planet.”
Greenpeace is concerned that the energy required to mine Bitcoin is mostly sourced from fossil fuels, and that miners are fueling their operations with coal waste and related natural gas.
Greenpeace received Bitcoin donations for seven years, from 2014 until May 2021, before stating that it would no longer accept them due to environmental concerns. Elon Musk, the CEO of Tesla, stopped taking Bitcoin payments for Tesla vehicles at the same time.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Hazel
CoinCu News
ripple ripple ripple
Other Posts
Related Posts
News
FTX Creditors Can Receive Up To 142% Of Claim Amount With New Reorganization Plan
Press Releases
Fetch.ai (FET) Price: Consolidation Amidst Bearish Sentiment and Competition
News
90% Of Stablecoin Transaction Volumes Have No Participation From Real Users
News
Address Error Results in $68 Million WBTC Loss, Victim Falls to Phishing Scam
Knowledge
