with Bloomberg, Larsen said that Bitcoin consumes as much power as Sweden and could consume as much as Japan within five years.
He also expressed his belief that Bitcoin and Ethereum would not continue to enjoy investors' support unless they change. Greenpeace's advocacy for an energy-efficient consensus mechanism is aligned with its mission to combat climate change. Unlike proof-of-stake, the proof-of-work consensus mechanism requires plenty of energy, which is why environmental activists believe that the technology is extremely wasteful. urged the Bitcoin community to move to environmentally friendly proof-of-stake, predicting regulators will have to step in to implement the change. He has called Ethereum co-founder Vitalik Buterin"a hero" for his determination to ditch PoW. However, such a transition is extremely unlikely.
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