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RE: STEEM: Ask It And I Will Try To Answer It.....Let's Hear What Is On Your Minds
I read an article the other day displaying how much energy bitcoin takes to make transactions. I understand steem is a blockchain - what is bitcoin? - and bc steem is a blockchain it takes less energy right because it is distributed through many individual servers (the role of the witnesses, right?). I'm trying to wrap my head around what these people are actually doing and the difference between bitcoin and blockchain. Also, what is the sustainability future of these technologies as more people use them in relation to energy usage? (Bitcoin transactions using as much energy as small countries...) Are we consciously sculpting the way forward prioritizing alternative energies (solar, wind, etc) to think about the crypto energy footprint?
Fake news article saying bitcoin will consume all energy of world.
https://www.cnbc.com/2017/12/21/no-bitcoin-is-likely-not-going-to-consume-all-the-worlds-energy-in-2020.html
Btc uses a lot of energy...that is true....it is also the reason many of the miners are converting over to renewable energy to power their operations. China is a big user of solar and that is where many of the mining operations are located.
As for the difference, blockchain is the underlying technology. That is a decentralized, public ledger. Tokens are nothing more than an app built on the blockchain, like Steemit is. Bitcoin is a blockchain...as is Eth...as is steem...they are all separate blockchains with their own token.