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Change the code! – Greenpeace demands fundamental change to Bitcoin (BTC)



 The environmental activists from Greenpeace, together with other climate protectors and Ripple chairman Chris Larsen, are calling for crypto market leader Bitcoin ( BTC ) to switch to a more environmentally friendly consensus process.


The campaign , called "Change the code, not the climate", aims to get industry leaders, bitcoin miners and influential influencers like Elon Musk and Jack Dorsey to decide to switch to a more tolerable consensus process:


“If just 30 people — the key miners, crypto exchanges, and developers who are key contributors to bitcoin’s programming code — would bring themselves to redesign proof-of-work or switch to some other energy-efficient consensus method, then bitcoin wouldn’t save the planet pollute longer.”

In this context, Greenpeace criticizes that the massive amount of energy required to mine Bitcoin comes primarily from fossil fuels such as coal and gas .


The environmental organization accepted donations in the form of Bitcoin for seven years from 2014, before it was decided that this practice would be discontinued from May 2021 due to the environmental concerns mentioned. Telsa CEO Elon Musk also shelved the market-leading cryptocurrency as a means of payment for customers at the same time and for similar reasons.


The major competitor Ethereum ( ETH ), which, like Bitcoin, has so far been based on the Proof-of-Work (PoW) consensus process, is currently in the final stages before the long-awaited switch to the Proof-of-Stake (PoS) consensus process. Greenpeace praises the fact that this consensus process is significantly more environmentally friendly due to the much higher energy efficiency.


“With the upcoming change to Ethereum, Bitcoin is the only outlier,” Ripple CEO Larsen told Bloomberg on March 29 . "Some of the new crypto projects like Solana and Cardano are designed to be environmentally friendly from the start," says the expert.


However, Chris Bendiksen, a crypto analyst at CoinShares, worries that there is little reason for the crypto industry to change the consensus process behind the leader, as it would ultimately saw off the branch it is sitting on:


“The chance of bitcoin ever moving to PoS is 0% in my opinion. There is no reason for Bitcoiners to massively endanger the security of their protocol by taking such a step.”

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