Green blockchain initiatives for sustainable cryptocurrencies: An overview
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TextPublication details: Hyderabad IUP Publications December 2023Description: 42-57Subject(s):
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MURTHY, E N FINANCIAL RISK MANAGEMENTSummary: Due to its promise of transparency, security, and decentralization, blockchain technology has seen extensive adoption across a wide range of businesses. However, the energy-intensive nature of typical blockchain networks, especially those based on proof of work (PoW) consensus algorithms, creates serious environmental issues. This paper reviews the developing notion of "green blockchain", with emphasis on cryptocurrencies, concentrating on the principles, technology, projects, and issues connected with establishing environmental-friendly and sustainable decentralized systems. The paper seeks to add to the discussion on sustainable blockchain development by assessing the existing environment and future potential.
| Item type | Current library | Call number | Vol info | Status | Notes | Date due | Barcode | Item holds | |
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Journals and Periodicals
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Main Library | 55514269/JA3/Fin (Browse shelf(Opens below)) | Not for loan | 55514269/JA3 | |||||
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Journals and Periodicals
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Main Library On Display | JOURNAL/FIN/Vol 20 No 4/55514269 (Browse shelf(Opens below)) | Vol 20 No 4 (01/07/2024) | Not for loan | The IUP Journal of Financial Risk Management - December 2023 | 55514269 |
Due to its promise of transparency, security, and decentralization, blockchain technology has seen extensive adoption across a wide range of businesses. However, the energy-intensive nature of typical blockchain networks, especially those based on proof of work (PoW) consensus algorithms, creates serious environmental issues. This paper reviews the developing notion of "green blockchain", with emphasis on cryptocurrencies, concentrating on the principles, technology, projects, and issues connected with establishing environmental-friendly and sustainable decentralized systems. The paper seeks to add to the discussion on sustainable blockchain development by assessing the existing environment and future potential.
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