The control of greenhouse gas emissions generated by the use of cryptocurrencies

Abstract

This research outlines how the use of cryptocurrencies like blockchain can be detrimental to the environment, primarily due to the emission of greenhouse gases. The research is justified in light of the current relevance of the topic, as carbon emission control is a global and governmental concern for the preservation of the environment for future generations. The investigation began by addressing the issue of greenhouse gas emissions due to the use of cryptocurrencies such as bitcoin through blockchain. Subsequently, the importance of controlling greenhouse gas emissions and the associated indices due to the use of cryptocurrencies were discussed. Following that, the policies for controlling greenhouse gas emissions in Brazil were examined. Through theoretical-literature review, documentary research, and deductive methods, it was determined that the use of clean energy sources is necessary for the maintenance of this technology to reduce the environmental impacts it currently poses. The study highlights the need for using clean energy or alternative methods in the utilization of cryptocurrencies to avoid the high release of greenhouse gases as observed in current practices.