How are you all? Today I will discuss with you about How to solve the Bitcoin energy consumption problem.I will try to present my experience. I am young and have very little experience so please excuse any mistakes. Blockchain technology is reshaping and redesigning the global system through its interconnected network of blocks, facilitating financial transfers and transforming financial space. But its benefits can be outweighed by the huge environmental costs that cryptocurrency mining incurs each year.

Source

The environmental cost of the digital revolution exceeds current statistics that blame bitcoin and blockchain as the sole culprits of environmental degradation. A single swipe of your debit card starts a chain of transactions through a vast but buried network of systems.Proof of Stake is a low-power consensus mechanism because it increases the efficiency of the network's coins. A user who has locked his token can verify the block; Therefore, the need for intensive mining is eliminated. Ethereum founder Mr. Vitalik Buterin strongly believes that blockchain sharding based on proof-of-stake is "a thousand times more efficient". Environmental regulations.
Governments and policymakers around the world can impose explicit bans on cryptocurrencies that violate set limits on emissions.

Source

The crypto industry, like other industries, can be brought under corporate social responsibility regulations that are becoming increasingly mandatory for business enterprises today. What needs to be said and understood is that blockchain technology has been testing its limits since its inception. The crypto community is self-aware and thinking about how to deal with energy consumption issues. A disruptive technology still in its infancy, has the ability to rethink, revise and rework its flaws. Alternative currencies and technology are sure to find an alternative solution soon. Today's discussion ends here. I hope you find it interesting and understandable. Share your thoughts on today's topic. Greetings and blessings to all. Stay well everyone, stay healthy, stay tuned to Steemit