Research Article

How Cryptocurrency Impacts the Environment

Field: Cryptocurrency

Author

Supervisor

Published 1st Sept 2021

Abstract

The cryptocurrency scene has taken the world by storm. Started in 2009, the first ever cryptocurrency was created by Satoshi Nakamoto called the Bitcoin. According to the Bitcoin white paper, the purpose of this digital currency is to create a decentralised transaction system that relies on a peer-to-peer operation; in other words, it relies on the users within the network itself to validate transactions. Given the idea of decentralisation, Bitcoin has gained popularity. Following that of Bitcoin, many other cryptocurrencies have also slowly emerged from the water.