According to research conducted by Cambridge University, Bitcoin mining consumes over 120 Terawatt Hours per year. This energy consumption is equivalent to the energy consumption of a small country such as Norway and would be ranked in the top 30 list of countries based on their energy consumption.
The carbon footprint of Bitcoin mining has increased exponentially over the last few users. About 65% of the Bitcoin miners are based in China that relies solely on coal-based power plants which emit unmanageable gases in the air.
There is a crucial need for cryptocurrencies to adopt a greener approach, and Bitcoin Latinum is leading the charge with this initiative. Bitcoin Latinum is a next-gen cryptocurrency that utilizes a modified version of the Proof of Stake consensus protocol to bring a green revolution to the crypto ecosystem.