From the debate on Bitcoin’s energy consumption to the future of Verge, here’s a look at some of the stories happening in the world of crypto.
Bitcoin (BTC)
The manager of strategy and business development at the University of Pittsburgh’s Center for Energy says it’s time to stop worrying about how much energy Bitcoin uses. In a new article, Dr. Katrina M. Kelly-Pitou references the well-publicized statistic that Bitcoin mining used 30 terrawatt hours in 2017.
“This is a lot, but not exorbitant. Banking consumes an estimated 100 terrawatts of power annually. If bitcoin technology were to mature by more than 100 times its current market size, it would still equal only 2% of all energy consumption.”
On Tuesday, the US Senate Committee on Energy & Natural Resources held a hearing on the energy efficiency of blockchain. At the hearing, the program manager of technology innovation at the Electric Power Research Institute Thomas Golden said public blockchains likely use less than 0.1% of all the power consumed worldwide.
Ethereum (ETH)
Vlad Zamfir of the Ethereum Foundation just gave a presentation blockchain governance at the Ethereum Meetup 2018 in Zug, Switzerland. Zamfir covered some of the basics and many of the challenges inherent in the governance of nodes, software repositories, trademarks and more.
EOS has officially rolled out the EOS Alliance, a non-profit initiative designed to bring more openness and transparency to the network. The initiative’s board members include EOS influencers Brock Pierce, Bancor and LiquidEOS co-founder Galia Benartzi, and multi-platinum artist Akon.
Binance Coin (BNB)
HitBTC has added Binance Coin to its roster. The European crypto exchange is pairing BNB with Bitcoin (BTC), Ethereum (ETH) and Tether (USDT).
Stellar (XLM)
Stellar (XLM) is now available for trading on AnyCoinDirect. The Netherlands-based platform also allows users to buy and sell Stellar and 17 other cryptocurrencies.
Verge (XVG)
The team at Verge has released a development update, offering a new look at the platform’s iOS and desktop wallet. They’ve also revealed the results of a recent poll asking the community which direction it thinks the developers should take. The community opted to have the team work on the codebase, followed by the platform’s wallets.