Bitcoin Energy Consumption: Is Energy Web Token (EWT) The Answer For Tesla & Zero Carbon Investors?
Blocks of Finance Blocks of Finance
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 Published On Mar 8, 2021

Much has been said about the Bitcoin energy consumption issue and the huge carbon footprint that results from a large proof-of-work blockchain. Luckily, The Energy Web Foundation, their technologies, and the Energy Web Token EWT could be here with a viable long term solution.

Early in 2021 we saw Elon Musk and Tesla take a considerable amount of criticism for investing in Bitcoin despite the energy consumption being in direct contrast to Tesla's mission. In this video we examine the pressure large corporations will be under in the future with more and more focus on climate change, renewable energy, and achieving a net-zero carbon footprint.

Luckily for Energy Web Investors, they could be perfectly placed to benefit from this new wave of demand for Bitcoins which are provably green. Thanks to technologies such as Energy Web Zero and Energy Web Origin, the EWF is very well positioned to do for Bitcoin what they did for Ripple - decarbonize parts or even all of the blockchain. I feel that in the future there could be huge demand for green Bitcoins from institutional investors, corporations and individuals.

Do you think the Energy Web Foundation could play a meaningful role in solving the Bitcoin energy consumption issue? Let me know in the comments below.

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