Dispelling some common myths around blockchain.
1: A single person invented blockchain.
Unknown. “Satoshi Nakamoto” invented blockchain, but whether “Satoshi Nakamoto represents an individual or a group of individuals is a mystery.
2: Blockchain technology uses more electricity than Ireland.
Fact. A single bitcoin transaction uses about the same amount of energy as it takes to boil 36,000 kettles of water. That’s a lot of tea! By summer 2019, it’s estimated that the total energy consumption for blockchain will be roughly equivalent to the entire US output.