Report: Vast majority of blockchain energy studies 'lack scientific rigor'
According to researchers, 74% of blockchain energy studies 'do not build upon existing theories.' According to a new preprint conducted by researchers at the Open Universiteit, University of California Berkley, and Radboud University, the vast majority of literature on blockchain energy use from both academic and everyday sources "lacks the scientific rigor expected from a mature scientific field." The report analyzed 128 scientific and open-source studies related to carbon emissions of blockchains such as Bitcoin.Researchers then found that an astonishing 34% of studies did not even....
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The Digital currency evolution started with bitcoin in 2009, the year when it was first introduced. Bitcoin and other altcoins have since then become a very important part of the world's economy. The popularity of bitcoin has made digital currency synonymous with finance and fintech sector. However, the use of digital currency is not confined to fintech anymore. The blockchain technology powering bitcoin is an open source technology which can be used for a wide range of applications. Scientific research is one such area which has gained a lot of attention in the recent days. There are many....