Law360 (May 21, 2021, 2:23 PM EDT) — Cryptocurrencies and other digital assets are growing massively in popularity, and they can no longer be dismissed as ephemeral playthings for the digital elite. They have entered the mainstream marketplace. Ready or not, companies will now have to grapple with digital assets — and their environmental consequences.
Cryptocurrencies are merely database entries that cannot be changed unless specific conditions are fulfilled.[1]
These currencies, such as Bitcoin and Ethereum, are created through a process known as “mining,” where “miners” use powerful computers to solve cryptographic problems. Once a problem is solved, the miner adds a block to a database called a “blockchain”…
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