Environmental protection group and founder of Ripple launch 'code change from climate change' campaign to urge Bitcoin to reduce energy
Chris Larsen, the founder of the cryptocurrency company Greenpeace, which handles cryptocurrencies and Ripple, is playing a central role in the public opinion campaign 'Change the Code' that calls for Bitcoin to reduce energy consumption. , Not the Climate (code change from climate change) ”was launched.
Change The Code: Not The Climate --Greenpeace USA, EWG, Others Launch Campaign to Push Bitcoin to Reduce Climate Pollution --Greenpeace USA
Greenpeace Is Pushing to Change How Bitcoin Works to Cut Emissions
https://www.vice.com/en/article/93bvvz/greenpeace-is-pushing-to-change-how-bitcoin-works-to-cut-emissions
Bitcoin's climate impact is the target of a new campaign by Greenpeace, others --The Washington Post
https://www.washingtonpost.com/business/2022/03/29/clean-bitcoin/
Bitcoin's massive energy use faces $ 5M shame campaign from environmental groups | Ars Technica
https://arstechnica.com/tech-policy/2022/03/bitcoins-massive-energy-use-faces-5m-shame-campaign-from-environmental-groups/
Greenpeace updated its official website on March 29, 2022, issuing a statement calling for a change in Bitcoin's mining method. According to Greenpeace, the power consumption associated with Bitcoin mining around the world is equivalent to the power consumed in Sweden alone, and there is concern that this will further intensify climate change. ..
Of particular concern is the algorithm called '
On the other hand, in Ripple etc., the ' Proof of Stake (PoS)' is adopted, in which people who have a lot of virtual currencies approve the addition of new blocks. With this method, Bitcoin supporters may criticize it as being too centralized because the amount of virtual currency held is directly linked to the right to speak, but compared to PoW where mining competition is held all over the world. With a 99% reduction in energy consumption, the Change the Code, Not the Climate campaign requires Bitcoin to move from PoW to PoS.
Chris Larsen, who invested $ 5 million in Change the Code, Not the Climate, said, 'The purpose of this campaign is not anti-bitcoin. I think bitcoin will be more efficient. I think it's best to help eliminate climate change. ' He added that Bitcoin's energy consumption is expected to be comparable to the total power consumption of the whole of Japan in the next five years. 'Bitcoin has been on an unsustainable path so far. I will. '
Larsen is the founder of Ripple's developer, one of the altcoins that competes with Bitcoin, but his involvement in the campaign is reportedly not representative of Ripple.
Some crypto experts are skeptical about Bitcoin's move to PoS. According to Jerry Brito, executive director of the crypto think tank Coin Center, in order for the 'code change' required by the campaign to be realized, it is necessary to manage a large number of miners mining Bitcoin and the blockchain of Bitcoin. It is said that the consent of tens of thousands of people involved in the operation of the node will be required.
Brito told The Washington Post, 'For many reasons, code changes are absolutely impractical. PoW and PoS are not switchable. Bitcoin is more about security than speed. I chose PoW. '
Change the Code, Not the Climate also anticipates that this campaign will be a long one. Rolf Skar, campaign director at Greenpeace USA, told Motherboard, an IT news site, 'There are technical issues, and some people may have a strong belief in what Bitcoin is today. , These difficulties are true of all our commitments to climate change. '
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