screenshot of YouTube video titled Powering CryptoBitcoin is responsible for 0.5% of all the electricity consumed in the world but why? Clayton Aldern (@compatibilism), in a video for Grist, explains how blockchain works and why bitcoin’s blockchain implementation burns so much energy. He explores this energy-hungry technology’s potential implications for climate change and outlines an alternative proposal for reducing energy usage while maintaining all the qualities that make blockchain compelling. Image: Screenshot from