Can blockchain ever be environmentally friendly

[Tatzky]

Radiation is the first effect of crypto since we need technology to run and have them... But don't care much because the God effect is much more so that is the thing to consider....

[Catmony]

I think this topic belong to altcoin section as it only promotes stellar which is another altcoin.

NANO coin uses almost zero electricity to process transaction,no mining required and it is free. And secure enough never got hacked so there is no point of promoting stellar as most environment friendly coin.

[SUDARMONO]

Yes I think that's true because we have to consider the use of energy used by bitcoin as well, but if Stellar requires less energy it will be better to do Stellar mining.

[MicaleFalcon]

Actually Block chain is really great inventions based on this statement its more environment friendly because it uses hydro power so it doesn’t use fuel based on this it is also environment friendly also its a online process so there is less chances of this.

[Skieleton]

"I’m sure most of you have seen the news about Bitcoin’s energy consumption. For instance, in Iceland, more energy is used to mine Bitcoin than to power people’s homes and per day the global Bitcoin network now consumes more energy than Ireland. Hence, we chose to build on the Stellar network as it is the most environmentally friendly blockchain available. For comparison, a transaction on the Stellar network only uses 0.03 Wh whereas VISA uses 1.69 Wh per transaction. Clearly, the Stellar blockchain is the perfect technology partner for our platform."

Read morehttps://datafloq.com/read/amp/blockchain-can-save-climate-poseidon/5235?__twitter_impression=true

In fact, it is enough to use green energy from wind or water to extract BTC. It is definitely cheaper and less harmful.

[GilbertQuintanilla]

The blockchain technology has made the transactions and the exchange easier without the need of a middleman. It uses the source of hydro power, as mentioned in the post which is indeed an ecofriendly means of a resource. It eliminates the means of a fuel based resource. Given that it is an online based resource, it is good for the environment.

[mahibul49]

yes its already in positive mode and blockchain is a transparent way to run anything.
as u can see without any 3rd party everything is running smooth in blockchain.

[rabia_laskor]

What they are mining is not fuel energy. They are basically using the hydropower, which is absolutely environment-friendly. So, yeah. The blockchain is an environmental thing.

[Diced90]

Actually Block chain is really great inventions based on this statement its more environment friendly because it uses hydro power so it doesn’t use fuel based on this it is also environment friendly also its a online process so there is less chances of this.

So, yes, the answer is blockchain can be environmentally friendly if we switch to the use of sustainable and renewable energy, from hyrdo to turbine and solar, though this may face issues of efficiency and scale-ability.

[thepers0n]

Definitely yes. It's an Internet currency and people shouldn't cut down trees to make paper money. Moreover we can make less coins and spend valueable metals. It's a great perspective

[bedulook]

Energy is no more a environmental problem for blockchain due to new renewal energy sources use to mine top cryptocurrencies. Swiss Alps is an example of the use wise use of environment in terms of energy for blockchain.

[MicaleFalcon]

Obviously blockchain is environmental friendly because fuel energy is not consumed for mining. Mining consumes hydro power energy and its very much environmental friendly.

[robertcross07]

In order to complete the blockchain process high source of energy is required. So I believe that it can be environment friendly if the source of power can be natural like solar or any green ways.

[Marlo Stanfield]

"I’m sure most of you have seen the news about Bitcoin’s energy consumption. For instance, in Iceland, more energy is used to mine Bitcoin than to power people’s homes and per day the global Bitcoin network now consumes more energy than Ireland. Hence, we chose to build on the Stellar network as it is the most environmentally friendly blockchain available. For comparison, a transaction on the Stellar network only uses 0.03 Wh whereas VISA uses 1.69 Wh per transaction. Clearly, the Stellar blockchain is the perfect technology partner for our platform."

Read morehttps://datafloq.com/read/amp/blockchain-can-save-climate-poseidon/5235?__twitter_impression=true

You can run different decentralized consensus systems that don't burn nearly as much power as Proof of Work. But the thing is that PoW is the one that is proven and demonstrably secure by having a very clear cost to attack that is extremely high. It's possible some of the alternatives will stand the test of time, but PoW in pretty solid.

[Vart4varta]

Traditional markets and banks will soon change, and the blame - blockade. Some call it a revolution comparable to the advent of the Internet.

[sari_]

bitcoin is very friendly to the environment and useful for the security of transactions that we do not. With bleckchain we can track our money and assets we have. even in Indonesia bleckchain system already in trapan in every bank

[Aveatrex]

"I’m sure most of you have seen the news about Bitcoin’s energy consumption. For instance, in Iceland, more energy is used to mine Bitcoin than to power people’s homes and per day the global Bitcoin network now consumes more energy than Ireland. Hence, we chose to build on the Stellar network as it is the most environmentally friendly blockchain available. For comparison, a transaction on the Stellar network only uses 0.03 Wh whereas VISA uses 1.69 Wh per transaction. Clearly, the Stellar blockchain is the perfect technology partner for our platform."

Read morehttps://datafloq.com/read/amp/blockchain-can-save-climate-poseidon/5235?__twitter_impression=true

Stellar and Visa can save energy because they are centralized services, nowadays, we have a proof-of-stake solution to make Blockchain more environmentally friendly without the need to become centralized

Can you explain what is "proof-of-stake"?I`ve never understood those proof-of-work or proof-of-whatever type of terms,when it comes to blockchain technology.I`m not very tech savvy nad I don`t want to go further and understand how every blockchain works.
Why do people always focus on energy consumption?It`s not about the consumption.It`s about the method of producing electricity.We need more green energy technologies.

People always focus on energy consumption because it may cause alot of problems to the concerned coins especially Bitcoin (Per example,mining gets banned in some countries,Rise in price of electricity due to high demand like it happened with gaming graphic cards that were massively used to mine cryptonight coins).I don't see Bitcoin using POS,an environmentally friendly consensus,but instead I see mining farms using renewable energy to reduce the costs in long-term and solve the problem of high consumption.

[khaled0111]

Bitcoin and other cryptocurrencies mining process require a lot of electricity which is not good for the environment.
Miners should use green energy like solar panels, it is more expensive but will preserve our environment.
Electricity bills are more and more inflated which will force miners to find a better source of energy.

[hatshepsut93]

Bitcoin's carbon footprint is very exaggerated: https://hackernoon.com/what-is-the-carbon-footprint-of-crypto-1798479bcd1

Even then it's probably a huge reduction from carbon footprint of fiat and centralized payment systems when Lightning Network will allow Bitcoin to compete with them as a currency.

Bitcoin's environmental risks are tiny when compared with all the other stuff that happens in the world like plastic pollution, fossil fuels, carbon footprint from agriculture and so on.

So, basically this is just a FUD that bankers tell to scare the population from switching to Bitcoin.

[cryptohipo]

That's an informative post. Stellar is one of the best non profit organization who are working hard to diminish poverty and maximize individual potential. Stellar has been doing good, and I hope for its scalability.