The Environmental Impact Of Web3

Assessing the environmental impact of a broad ecosystem is not simple. When trying to measure the carbon footprint of the internet, one has to consider all the layers that are part of this system. Web3, like the traditional web, has layers, so the only way to analyze its sustainability is by segments. The motivation for the evaluation of web3 is obvious: if web3 represents an evolution of web2, it must also be more sustainable. In this article we will first define what web3.0 is and what its layers are. Then we will assess what its environmental impact is and if … Continue reading

Can Bitcoin Go Green One Day?

Many people who love to live off-grid or practice being self sufficient love the premise of cryptocurrency. It is perfectly aligned with the ethos of those who wish to unplug from the mainstream and do things their own way. Since cryptocurrency is decentralized and has no governing authority it seems like it should be a perfect fit for these types of people. Unfortunately there is one glaring area which makes bitcoin and other cryptocurrency an anathema to those off-grid lifestylers. The mining of cryptocurrency is a huge user of energy which relies mainly on fossil fuels. In fact, the output … Continue reading