Earlier this week, the European Central Bank published a comprehensive analysis of its public survey on a digital euro, confirming that, by and large, what the public and professionals most desire from a digital currency is privacy. While 43 percent of respondents said privacy is the most important feature of a digital euro, fewer than one in 10 responses of members of the public showed support for full anonymity. Security was the second-most-important issue flagged by respondents. Absent from the responses was any discussion of Bitcoin's continually rising power consumption: according to a report by a major U.S. bank, Bitcoin is consuming 66 times more electricity than it did in 2015. However, the Bitcoin Network's electricity usage lags far behind its price, which has risen by around 170 times over that same period.
For more information, please refer to the following links:
- ECB publishes the results of the public consultation on a digital euro
- A Digital Euro Must Protect Privacy, ECB Public Survey Reveals
- Bitcoin power consumption '66 times higher than in 2015': Citigroup
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
