Sun 30 May 2021 ▪
			15 min read
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			by 
					
											
					
		As Citibank rightly recalled this week, “Bitcoin’s electricity consumption is a feature, not a bug.” It is necessary to guarantee its decentralisation and cannot be obtained with the wave of a magic wand. This paper explains how Bitcoin’s decentralisation works, and why other cryptocurrencies can’t reach the mark. The legend…