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The EU’s Near Miss on a Proof-of-Work Ban

The Breakdown

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Bitcoin Proof of Work in the Eu

The European Parliament voted against the defacto proof of work ban, 32 against 24 in favor. The commission will propose including any crypto acet mining activities that contribute sustainably to climate change mitigation or adaption in the e u. Sustainable finance taxonomy. This last provision means we have almost three years to establish and show off proof of works,. electricity demand response and grid balancing super powers promoting these applications. We will share a breakdown of the vote and what's next here in this thread.

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