A Survey on Technologies Which Make Bitcoin Greener or More Justified

According to recent estimates, one bitcoin transaction consumes as much energy as 1.5 million Visa transactions. Why is bitcoin using so much energy? Most of the energy is used during the bitcoin mining process, which serves at least two significant purposes: a) distributing new cryptocurrency coins...

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Bibliographic Details
Main Authors: Henri T. Heinonen, Alexander Semenov, Jari Veijalainen, Timo Hamalainen
Format: Article
Language:English
Published: IEEE 2022-01-01
Series:IEEE Access
Subjects:
Online Access:https://ieeexplore.ieee.org/document/9829550/