RBI suggests CBDCs are a more energy-efficient option than cryptocurrencies

  • RBI suggests Central Bank Digital Currencies (CBDCs) are more energy-efficient than cryptocurrencies.
  • Estimates indicate that non-Proof of Work permissioned networks are significantly more energy efficient than current credit card processing centres.
  • This is because current credit card processing centres involve energy-inefficient legacy systems.

Via

Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download Pluggd.in, the short news app for busy professionals