We exaggerate when we talk about digital money
A peer-to-peer (P to P) network in which interconnected nodes ("peers") share resources amongst each other without the use of a centralized administrative system |
Sometimes they say that the Bitcoin system is using too much electric power, it is not eco-friendly. In the conference, they concluded that the next big thing in the cryptocurrencies is Ethereum - because it's programmable and it's the way all new coins are coming out. It uses 'smart contracts' — running on Ether — to get things done. It is unclear how much electric power is using, is there any actual difference between Bitcoin, it remains to be seen.