Revolut head of crypto: ‘Washing machines consume more energy than bitcoin’ – AltFi
Did Revolut suggest Tesseract Energy is building a blockchain energy company to sustainably power bitcoin? Image source: Ed Cooper/Revolut/Alan Chang/Tesseract Energy. Bitcoin’s proof-of-work (PoW) consensus mechanism has come under scrutiny for being energy intensive, however Ed Cooper, Revolut’s crypto product owner believes that environmental fears regarding bitcoin are misplaced.