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IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

06/08/2022

Less than a minute

2022.06.08 14:05

IMF recommends eco-friendly CBDCs and non-PoW mechanisms for payments

An International Monetary Fund (IMF) study on energy consumption revealed the importance of design choices within the crypto ecosystem to build an environmentally friendly mainstream payment system.

In the study entitled “Digital Currencies and Energy Consumption,” the IMF examined the energy consumption of crypto assets based on their distinct design elements to evaluate the ideal mechanism for developing central bank digital currencies (CBDCs).

06/08/2022

Less than a minute

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