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Weekend Bonus: Crypto IRL, Episode 4 with Tim and Katie

Bloomberg Crypto

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Proof of Work Versus Proof of Stake

There are other ways to validate cryptocurrencies that don't consume as much energy. With proof of work, that validation method does come with huge energy consumption. Energy use for Bitcoin is often compared to traditional banking. Traditional banking does use a lot of energy. But when you talk about the number of consumers, it's very different. And also at this point, energy consumption of crypto is already half of what traditional banking is. So it's almost it's getting closer to that much.

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