As Crypto Rises, Some Bemoan Its Carbon Footprint

As Crypto Rises, Some Bemoan Its Carbon Footprint
Representation of cryptocurrency Dogecoin is seen in this illustration taken on Nov. 29, 2021. Dado Ruvic/Illustration/Reuters
Nathan Worcester
Updated:

In the years since the still-anonymous “Satoshi Nakamoto” created the first cryptocurrency, bitcoin, crypto has proven to be polarizing.

Proponents argue that cryptocurrencies offer a transparent alternative to fiat currencies such as the dollar. Crypto transactions are permanently recorded on a decentralized ledger known as a blockchain, making them potentially resistant to censorship. For political dissidents, or for people living in economically unstable regimes, cryptocurrencies could enable free exchange and prosperity in spite of local oppression or instability.

Nathan Worcester
Nathan Worcester
Author
Nathan Worcester is an award-winning journalist for The Epoch Times based in Washington, D.C. He frequently covers Capitol Hill, elections, and the ideas that shape our times. He has also written about energy and the environment. Nathan can be reached at [email protected]
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