By IT Business Edge

Blockchain Leads to Intense Energy Use

Bitcoin “mining,” according to Jason Bloomberg at Forbes, demands a tremendous amount of energy. That is true of any blockchain initiative.

The demand springs from the requirement to distribute and store updates to digital ledgers to all participants. Bloomberg says that even if a small percentage of blockchain initiatives get off the ground, electrical consumption “will be enormous – and will continue to grow with no end in sight.”

Read the entire article at http://www.itbusinessedge.com/slideshows/the-world-according-to-blockchain-11.html

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