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New cryptocurrency makes waves as potential replacement for Bitcoin: 'A positive sign
Bitcoin's energy-hungry mining process has long faced criticism for its staggering environmental impact. Now, a relatively new cryptocurrency platform called Bitcoin.ℏ is promising cleaner, more sustainable option for crypto-savvy investors.
A recent CoinGape report calls Bitcoin.ℏ a "green, quantum-resistant replacement for Bitcoin" that aims to solve cryptocurrency's sustainability challenges.
One of bitcoin's biggest concerns is the environmentally taxing mining process. As Investopedia explains, bitcoin mining is how cryptocurrency transactions get added to the blockchain ledger — and how new bitcoin currency is circulated.
To put it simply, miners race to solve cryptographic puzzles using specialized computers. The first to succeed adds a block of transactions to the blockchain — and earns newly minted bitcoin as a reward.
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