Biden Administration and Proof of Work

according to Bloomberg Law. The goal of The Administration is to create policy reducing both energy consumption and emissions for Proof of Work cryptocurrecys such as Bitcoin. About a two minute read.

Comment: won’t be released until August, so there is plenty of time for the cryptocurrency lobby to engage. Curious nobody ever questions the energy consumption of fiat currency such as USD.

What is Proof of Work?

All right, another excellent concept from cryptocurrency is Proof of Work. So let’s talk about it!