Energy Consumption and Carbon Emissions Remain the Achilles Heel of Mass Cryptocurrency Adoption.

Friends, although total Bitcoin (or Cryptocurrency) energy consumption is unlikely to usurp global energy availability anytime in the foreseeable future, technologists and entrepreneurs alike who are staking their futures on second and third gen Cryptocurrencies must address this issue if the crypto sector is to grow and flourish. What is the root cause? Many experts point to trust-minimizing consensus has been enabled by the proof-of-work algorithm. Users in a network send each other digital tokens. The decentralized ledger gathers all the transactions into blocks. However, care should be taken to confirm the transactions and arrange blocks. While one could write a dissertation on the PoW algorithm, the preeminent challenge is to either reconstruct or replace the current algorithm with a mechanism which both mitigates trust minimizing censuses building and greatly reduces the computing energy requirements for performing a viable PoW alternative algorithm. And yes, a future Nobel Prize in Economics or Physics likely awaits the savant who solves this dilemma. How close are we to resolving this matter? Our estimate is 6-10+ years. Let us know your comments! Lawrence, Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com)