How the many, many “clean” crypto initiatives, currencies, blockchains, and marketplaces for nonfungible tokens actually stack up.
At this point, it’s difficult to see an immediate fix to crypto’s energy woes, more than 12 years after it debuted. To be fair, many crypto evangelists make the accurate point that video gaming, streaming, and other data-heavy internet habits are also extremely energy-intensive; a 2019 report from the California Energy Commission found that video gaming within the state alone.
Crypto, on the other hand, is a speculative asset that requires mass faith and collective buy-in over regulation and universally established commerce. If you believe in crypto’s mission but worry for our natural environment, it’s certainly more advisable to work in a proof of stake system than a proof of work one.
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