CryptoWhistle - Crypto Currency Tracker logo CryptoWhistle - Crypto Currency Tracker logo
Seeking Alpha 2021-07-21 16:51:30

Live coverage of Bitcoin's 'B Word' event

Vertigo3d/iStock via Getty Images Nic Carter kicks things off explaining the crucial importance of Proof of Work for Bitcoin (BTC-USD), and why Proof of Stake (less energy intensive) is inferior. Carter also notes that more transactions doesn't necessarily mean more energy expenditure. This is in direct contrast to Elon Musk, who two months ago helped set off Bitcoin's collapse by claiming transactions use too much energy. Musk takes the stage at 2 PM ET alongside Cathie Wood and Jack Dorsey. The energy usage, says Carter, is about securing the network, and has little to do with transactions. Watch live here Bitcoin at 12:50 PM ET has moved to a session high, up about 9% to $32.4K. Updates to come throughout the afternoon ...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.