Swedish central bank concludes proof of work blockchains are unacceptable

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The post Swedish central bank concludes proof of work blockchains are unacceptable appeared first on CoinGeek.

Central banks have ultimate authority over the ledgers they use, and deciding who can join the network is hardly different from using a private Oracle database and keeping multiple copies.

Yet, a further point must be made: energy efficiency is just one element in the blockchain equation.

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Article Details

Author / Journalist: Gavin Lucas

Category: Crypto

Markets: CanadaSweden

Topics: Proof of work Proof of Stake Bitcoin SV Central Bank Digital Currency Green Bitcoin Riksbank E-krona BSV blockchain Business Environmental social and governance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 09:00:01 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 669 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 21673070

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