Q Why is it in News ?
A Bitcoin prices are rising these days and so will be its mining. As cryptocurrency will become mainstream, its carbon footprint cannot be ignored.
Q What are Cryptocurrencies?
A The 2019 Cryptocurrency Bill defined cryptocurrency as any information, code, number or token, generated through cryptographic means or otherwise, which has a digital representation of value and has utility in business activity, or acts as a store of value or a unit of account. According to professionals a system must need these six points to be called a cryptocurrency system:
Q How big is Global crypto market ?
Q What are Carbon footprints of Bitcoins ?
Q What is Mining?
Q How do cryptocurrencies create such a footprint?
Q What is the conclusion ?