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Benzinga
Benzinga
Business
Murtuza Merchant

Can Bitcoin Hard Fork To Proof-Of-Stake Consensus? What It Would Mean For The Apex Crypto

Bitcoin Crypto Mining POW Ethereum Cryptocurrency

The pioneering cryptocurrency Bitcoin (CRYPTO: BTC), which still dominates the market today, has encountered several difficulties along the road, with the most pertaining to its proof-of-work (PoW) mining consensus and the subsequent environmental effect.

One of the most talked-about issues last year was the high energy usage of the Bitcoin network, with the likes of Tesla Inc (NASDAQ:TSLA) CEO Elon Musk stoking the idea that Bitcoin in its current form is harmful to the environment.

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