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Author: michel touma

This week, the New York State Assembly passed legislation imposing a two-year moratorium on Bitcoin mining powered by fossil fuels. https://twitter.com/annakelles/status/1519114842916937730?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1519114842916937730%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.thestreet.com%2Fcrypto%2Fnews%2Fnew-york-state-assembly-to-ban-proof-of-work-crypto-mining-for-two-years The bill prohibits fossil fuel permits for crypto-mining relying on the proof-of-work consensus algorithm. The consensus algorithm validates a cryptocurrency transaction