Bitcoin isn’t getting greener — 4 environmental myths about cryptocurrency debunked

The price of bitcoin has reached US$50,000 (£36,095) – another all-time high. It’s hard to believe that 10,000 bitcoin would only buy a couple of pizzas ten years ago. It’s even stranger to think that bitcoins are completely virtual. You can’t hold one, except on a hard drive, and there’s no underlying asset to them. A bitcoin is simply a digital representation of the computer power needed to make one, what’s called its “proof-of-work.” This isn’t actually a new idea though. Rai stones were one of the first forms of money used on the Micronesian islands of Yap. To get… This story continues at The Next WebOr just read more coverage about: Bitcoin Read full story at thenextweb's website.


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