misktoTechnology@lemmy.worldEnglish·8 months agocross-posted to: technology@lemmy.worldJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption(www.tomshardware.com)external-linkarrow-up11.02Karrow-down130message-square360fedilink
arrow-up1989arrow-down1external-linkJust 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption(www.tomshardware.com)misktoTechnology@lemmy.worldEnglish·8 months agocross-posted to: technology@lemmy.worldmessage-square360fedilink
minus-squarexeparrow-up5arrow-down0·8 months agolinkfedilinkThere is no reason for CBDC to use blockchain.
minus-squarebhmnscmmEnglisharrow-up8arrow-down4·8 months agolinkfedilinkI stand corrected. There is literally no functional difference between “currency” and (at least some) crypto.
minus-squareagent_flounderEnglisharrow-up5arrow-down0·8 months agolinkfedilinkHow much energy is required for use of each?
minus-squarekirklennonarrow-up3arrow-down0·8 months agolinkfedilink CBDC is blockchain based, i.e cryptocurrency. A CBDC can be blockchain based, but almost none actually will be. China’s isn’t. Japan’s CBDC is not. In the US, the Federal Reserve is still in early stages but I’m confident it won’t use blockchain either.
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There is no reason for CBDC to use blockchain.
I stand corrected. There is literally no functional difference between “currency” and (at least some) crypto.
How much energy is required for use of each?
A CBDC can be blockchain based, but almost none actually will be. China’s isn’t. Japan’s CBDC is not. In the US, the Federal Reserve is still in early stages but I’m confident it won’t use blockchain either.