The energy consumption and related carbon emissions of cryptocurrencies such as Bitcoin are subject to extensive discussion in public, academia, and industry. As cryptocurrencies continue their journey into mainstream finance, incentives to participate in the networks and consume energy to do so remain significant. First guidance on how to allocate the carbon footprint of the Bitcoin network to single investors exist, however a holistic framework capturing a wider range of cryptocurrencies and tokens remains absent. This white paper explores different approaches of how to allocate emissions caused by cryptocurrencies and tokens. Based on our analysis of the strengths and limitations of potential approaches, we propose a framework that combines key drivers of emissions in Proof of Work and Proof of Stake networks.
翻译:加密货币(例如比特币)的能源消耗及其相关的碳排放量已经成为公众、学术界和工业界广泛讨论的话题。随着加密货币进入主流金融市场的道路上,参与网络并消耗能源的动机依然非常强烈。虽然已有有关如何将比特币网络的碳足迹分配给单个投资者的初步指导,但尚缺乏一个全面考虑更广泛的加密货币和代币的整体框架。本白皮书探讨了不同的分配加密货币和代币排放量的方法。基于我们对概率工作和股权证明网络中排放量的主要驱动因素的分析,我们提出了一个综合性框架。