Energy Demand Unawareness and the Popularity of Bitcoin: Evidence from Nigeria
Moritz Platt,
Stephen Ojeka,
Andreea-Elena Drăgnoiu
et al.
Abstract:Decentralized cryptocurrency networks, notably those with high energy demand, have faced significant criticism and subsequent regulatory scrutiny. Despite these concerns, policy interventions targeting cryptocurrency operations in the pursuit of sustainability have largely been ineffective. Some were abandoned for fear of jeopardizing innovation, whereas others failed due to the highly globalized nature of blockchain systems. In search of a more effective angle for energy policy measures, this study adopts a c… Show more
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