Blockchain has gone far beyond its beginnings in banking and cryptocurrency and there is no going back . Blockchain is a decentralized database in peer-to-peer (p2p) architecture used to store and send information about transactions or payments.
Read moreWhy are Blockchains bad for the environment?
It is estimated that each Bitcoin transaction uses around 2100 kilowatt hours (kWh), which is roughly what an average US household consumes in 75 days. When this energy is supplied from non-renewable energy sources, cryptocurrencies like Bitcoin can generate exorbitant greenhouse gas emissions .
Read more