CFTC Head Complains About Bitcoin’s Energy Use

Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam bemoaned Bitcoin’s excessive energy consumption, Forbes reports. Bitcoin’s proof-of-work consensus algorithm requires a huge amount of energy in order to solve complex mathematical tasks. The regulator believes that the industry should move to proof-of-stake, an alternative consensus mechanism that consumes much less energy. The CFTC head supports […]