Here are some fascinating facts regarding cryptocurrencies Part 4:
a. Cryptocurrency and Nobel Laureates: Nobel laureates have shown interest in cryptocurrency-related issues. Paul Krugman, a Nobel laureate economist, famously predicted in 2018 that the effect of cryptocurrencies on society will be "zero." Nobel laureate economist Robert Shiller, on the other side, described Bitcoin as a "speculative bubble."
b. Global Electricity Consumption: Mining cryptocurrencies necessitates a substantial amount of processing power, resulting in considerable energy consumption. According to the Cambridge Centre for Alternative Finance, the Bitcoin network's overall power usage is similar to that of whole nations such as Argentina or the Netherlands.
