'Proof of stake' however, presents an alternative that 'forges' instead of mining blocks, using very little energy
#Ethereum, the 2nd largest blockchain, is moving to this approach.
Bitcoin won't be able to switch as all users would have to agree to this transition 5/16
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This article ft. Susanne Köhler
@aautech+@stephenreid321 explains all this and more way better than I can!
6/16https://news.globallandscapesforum.org/50823/can-cryptocurrency-be-climate-conscious/ …1 reply 1 retweet 2 likesShow this thread -
Whilst Bitcoin will face ongoing sustainability issues, there are SO MANY other projects and blockchain applications that use less energy+ have the potential to decentralise and democratise the energy system itself

Here's a few examples of proven projects... 7/161 reply 0 retweets 1 likeShow this thread -
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@LO3energy are working with utilities in the US to facilitate local energy markets. They've developed a trading platform call Pando that creates peer-to-peer connections so people can buy or sell domestically generated electricity
8/16pic.twitter.com/yze2izT2i2
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@Sun_contract lets domestic electricity producers "share energy with loved ones or sell it directly to strangers" on their blockchain based market place. 5 years into operation they have lowered energy costs for local customers by up to 40%
9/16pic.twitter.com/1pIn8b43nk
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@EfforceOfficial, co-founded by Steve Wozniak, "is the first platform that allows users to benefit from the energy savings generated by#energyefficiency projects worldwide", using a blockchain backed market place
10/16pic.twitter.com/QTgj5HLlUC
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More information about the different applications of blockchain in the energy system+ the challenges faced here
11/16https://www.disruptordaily.com/ultimate-guide-to-blockchain-in-energy/ …1 reply 0 retweets 0 likesShow this thread -
Beyond energy, there are orgs using blockchain to develop a sustainable, regenerative financial system
@joinseeds is a democratically governed coop comprised of SEEDS users, that funds regen projects through grants+ interest-free loans 12/16https://seedslibrary.com/2 replies 2 retweets 5 likesShow this thread -
Other projects:
@CeloOrg is targeted at developing-world users, operable from a basic smartphone
@CirclesUBI seeks to provide a universal basic income
@regen_network verifies regen land management projects for carbon credits More here
13/16https://news.globallandscapesforum.org/50857/can-cryptocurrencies-help-the-planet/ …1 reply 0 retweets 1 likeShow this thread -
..and even more
14/16https://www.humanprogress.org/how-blockchain-technology-can-help-improve-the-planet/ …1 reply 0 retweets 2 likesShow this thread
To conclude:
Energy use by #Bitcoin
is not synonymous with other blockchain technologies
These technologies can unlock decentralised+ aggregated low carbon energy markets
They also present opportunities to create a new, sustainable+regenerative financial system
15/16
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I've started a Twitter list of orgs in the energy blockchain space you can follow: https://twitter.com/i/lists/1375004179824054272?s=20 … And I'd recommend
@stephenreid321's Decentralised Finance course if you want to learn more: https://dandelion.earth/events/6030d61305f41500177900f4 … Thanks+ please share this thread if useful!
16/160 replies 0 retweets 1 likeShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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PhD energy innovation 
