The Environmental Impact of Cryptocurrency
Huge investments have been made in the cryptocurrency industry as a result of the remarkable increase in cryptocurrency prices over the past ten years. From big businesses and tech millionaires to criminals, money launderers, and sanction busters, digital currencies have gained the trust of the world's leading investors. Blockchain and other technology advancements have made digital currencies a sophisticated component of the contemporary global financial system. The strongest currencies in the world are allegedly in danger of collapsing. The cryptocurrency market boom is like the gold rush. However, there is a secret negative aspect to this fascinating business. According to studies by United Nations scientists, mining cryptocurrency can have significant environmental effects on the land, water, and climate. The mining of Bitcoin is heavily reliant on fossil fuels worldwide. The global Bitcoin mining network used 173.42 Terawatt hours of electricity in 2020–2021, according to st...