ALBAWABA - In a remarkable development, Bitcoin, the leading cryptocurrency globally, has outpaced 167 countries in electricity consumption for the year 2023, utilizing a staggering 154.9 billion kilowatt-hours. Derived from data sourced from the Cambridge Bitcoin Electricity Consumption Index, the mining and circulation activities associated with cryptocurrencies, gaining increasing traction in financial markets, surpass the electricity consumption of numerous nations. Cryptocurrency transactions are facilitated through blockchain systems, characterized as decentralized ...