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http://dx.doi.org/10.22788/5.1.6

A Review on Solution Plans for Preventing Environmental Contamination as the Trend Changes of Cryptocurrency  

Kim, Jeong-hun (Hoseo University)
Song, Sae-hee (Hoseo University)
Ko, Lim-hwan (Hoseo University)
Nam, Hak-hyun (Hoseo University)
Jang, Jae-hyuck (Hoseo University)
Jung, Hoi-yun (Hoseo University)
Choi, Hyuck-jae (Hoseo University)
Publication Information
Journal of Venture Innovation / v.5, no.1, 2022 , pp. 91-106 More about this Journal
Abstract
Cryptocurrency, stood out the sharp cost rising of Bitcoin has been spotlighted by means of the solution for stagflation because it is decentralized with an existing currency differently. Especially getting into 4th industrial revolution, technologies using block chain and internet of things have been used in the many fields, and the power of influence is also widespread. Nevertheless like a remark of Elon Musk of Tesla CEO, the problems of environmental contamination for cryptocurrency have been pointed out continuously and the most representative of them is an enormous electric usage as the use of fossil fuels. Also the amount generated of carbon dioxide result in the acceleration of global warming mainly based on the climate changes of earth if the existing mining method is continued. On the other hand, review researches have been conducted restrictively as the connection with environmental contamination as the mining of cryptocurrency. In this study, it intended to review problems for environmental contamination as the diversification of ecological system of cryptocurrency concretely. Upon investigation existing prior documents on the putting recent data first, the mining of cryptocurrency has affected on the environmental contamination conflicting with carbon neutrality as increasement of the electric usage and electronic wastes. And POS method without the mining process appeared, but it had a demerit collapsing a decentralization and then we met turning point on appearing various environmental-friendly cryptocurrency. Finally the appearance of cryptocurrency using new renewable energy acted on the opportunity of the usage maximization of energy storage apparatus and the birth of national government intervention. Based on these results, we mention clearly that hereafter cryptocurrency will regress if not go abreast the value of currency as well as environmental approach.
Keywords
Cryptocurrency; Bitcoin; Environmental-friendly; Mining; Block chain; Environmental effects; Environmental contamination;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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