Philip Mawusi Adiamah

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Philip Mawusi Adiamah is a master's student at ESCP pursuing a degree in Energy Management, with a special interest in the intersection of energy and the blockchain industry. Philip is a blockchain and digital assets entrepreneur and enthusiast. Philip is now working on a research project at ESCP Europe that examines the feasibility, economic, and environmental implications of Green Mining.

Apr 20 2022

The energy consumption of blockchain technology

Illuminem Voices

Energy ·

A blockchain is a technology that serves as the basis for digital assets. Bitcoin and Ethereum, the two most popular digital assets, account for 59% of the entire industry. This article will discuss the energy consumption of blockchains, more precisely the bitcoin blockchain. Bitcoin is a digital currency that can be transferred directly between users through the peer-to-peer bitcoin network, eliminating the need for intermediaries.