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International Monetary Fund

within this range and assumes miners use a mix. Cryptocurrencies can be dramatically cleaner, says de Vries, who is also the founder of Digiconomist, an online platform focusing on the unintended consequences of digital trends. Making a fundamental but feasible change in how blocks are created could all but eliminate the power drain of cryptocurrencies. While the change may not be universally adopted, the idea has promise. Bitcoin rival Ethereum—the second-largest cryptocurrency by market capitalization—plans to go in this direction. The Bitcoin Mining Council