VeriBlock Funds Initiative to Recycle Bitcoin's Energy Consumption to Secure Dogecoin, Countering Hostile 'Blood Bitcoin' Narrative
May 26, 2021
After Bitcoin’s recent bull-run, renewed climate concerns have brought the debate over its energy consumption back into the public spotlight, with notable names in the finance industry coining disparaging phrases like “Blood Bitcoin,” despite the significant hidden environmental impact of the traditional finance ecosystem Bitcoin plans to supplant. Recycling Bitcoin’s energy consumption to secure blockchains like Dogecoin showcases the true utility Bitcoin’s Proof-of-Work offers to the ecosystem.
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