Greenpeace, Ripple Lobby to Move Bitcoin Away From Proof-of-Work Today

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Several climate activist groups including Greenpeace and billionaire Ripple co-founder Chris Larsen are launching a campaign to advocate for Bitcoin moving away from Proof-of-Work, a consensus mechanism they argue consumes an unsustainable amount of energy, Bloomberg reported Tuesday.

The “Change the Code, Not the Climate” campaign will attempt to lobby institutions in the Bitcoin industry that pledge an environmental, social, and governance (ESG) agenda, buy ads in leading publications and appeal to communities allegedly suffering from bitcoin miners’ noisy activities to try and convince investors that Bitcoin could use a different consensus protocol that is supposedly both better for the environment and enables a similar degree of security.