6 Most Common Blockchain & Crypto Misconceptions, According to ConsenSys

The management and contributors at ConsenSys, a Brooklyn, New York-based Ethereum-related development studio, have published a blog post in which they’ve addressed several misconceptions about cryptocurrencies and blockchain technology. According to ConsenSys’ recent blog (posted on March 25th, 2019), there are many inaccurate reports about cryptocurrency mining being bad for the environment. As noted by the organization, the data compiled and the research methodology used to estimate the energy consumption of the proof-of-work (PoW)-based Bitcoin network (and other PoW chains) was “whittled up by an ethically suspect lone blogger.”