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The focus of the blockchain climate discussion is missing the point By Cointelegraph

by Mike Robinson

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You can find the following: nonfungible tokensMany climate-conscious artists were attracted to the craze of ‘green art’ that exploded in the first quarter. Their disapproval was voiced of Ethereum’s energy consumption. Elon Musk was then derail (May,BTC), citing the energy consumed by Bitcoin as cause for Tesla (NASDAQ:) It will withdraw plans to acceptBTC is used as payment to purchase electric vehicles.

The events are causing a storm of controversy within the and out of blockchain. In particular, the arguments tend to focus on two areas: Bitcoin’s energy consumption and its dependency on climate-damaging fossil fuels versus renewables and, secondly, the benefits of one blockchain platform over another — generally focusing on consensus models and promoting proof-of-stake as the greener option.

Matt Hawkins (NASDAQ: is founder and CEO of Cudo Ventures, a provider of global cloud computing and monetization software, and Cudos, a decentralized cloud computing network bridging the gap between the cloud and blockchain by recycling the world’s idle computing power. He previously founded C4L in 2000, which was acquired in 2016 and was one of the U.K.’s fastest data center ISPs, supporting around 1% of the U.K.’s internet infrastructure, and was winner of many fast-growth awards, including: The Sunday Times Tech Track 100, Deloitte’s U.K. Technology Fast 50 and Technology Fast 500 EMEA, and many more.