Greenpeace, along with climate sustainability organizations, including Ripple executive chairman Chris Larsen has launched a new campaign calling for the conversion of Bitcoin (BTC) from Proof-of-Work (PoW) to an environmentally friendly mechanism.
The ‘Change the Code Not the Climate’ campaign is targeted at key industry leaders, Bitcoin miners, including influencers such as Elon Musk and Jack Dorsey.
The objective is of course that energy consumption and carbon emissions can be reduced with the transition to a new consensus.
Like Ethereum which used to apply the same model as Bitcoin and is now switching to Proof-of-Stake (PoS).
It is understood that the consensus will reduce energy consumption by up to 99%.
Because of that, it would be desirable if Bitcoin could do so given that the network has already received criticism many times; first, Greenpeace restricts donations in BTC after receipt in 7 years starting May 2021; and second, Tesla suddenly announced payments in BTC for every product purchase stopped.
Most recently, the European Union called for restrictions on crypto assets that use PoW but polls show the idea is unnecessary instead it just needs tighter supervision.
According to Larsen, Bitcoin is already foreign to most cryptocurrencies because Solana and Cardano themselves were developed based on an environmentally friendly model. This point was also voiced by Larsen in early December 2021.
But to what extent can this change be realized?
Bitcoin analyst from CoinShares Chris Bendiksen told no one in the Bitcoin community wants to risk network protection by switching to a PoS model.
