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Carbon Footprints of Cryptocurrencies

  Feb 16, 2022

Carbon Footprints of Cryptocurrencies

Q Why is it in News ?

A Bitcoin prices are rising these days and so will be its mining. As cryptocurrency will become mainstream, its carbon footprint cannot be ignored.

Q What are Cryptocurrencies?

A The 2019 Cryptocurrency Bill defined cryptocurrency as any information, code, number or token, generated through cryptographic means or otherwise, which has a digital representation of value and has utility in business activity, or acts as a store of value or a unit of account. According to professionals a system must need these six points to be called a cryptocurrency system:

Q How big is Global crypto market ?

Q What are Carbon footprints of Bitcoins ?

Q What is Mining?

Q How do cryptocurrencies create such a footprint?

Q What is the conclusion ?