Here’s how blockchains are helping to advance the global energy grid

The blockchain industry’s impact on the energy sector has been a major source of controversy over the past five years. Environment protection activists and government officials have repeatedly expressed concern over the energy consumption. RequiredKeep the network protected. Data shows the network’s energy consumption now rivals the yearly energy Consumed by small countries.

Historical Bitcoin network power consumption. Source: CCAF

Although much of the discussion has been about the adverse environmental effects of Bitcoin,BTCNew developments have been made that can be long-lastingly beneficial to mining.