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Bitcoin's Water Consumption Threatens Freshwater
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Bitcoin's high water consumption poses a risk of freshwater shortages, with each transaction consuming 4,227 gallons of water. The study suggests potential solutions and discusses the impact of the Crypto-Asset Environmental Transparency Act.
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How can the cryptocurrency industry address the environmental impact of Bitcoin without compromising its functionality?
What are the broader implications of the Crypto-Asset Environmental Transparency Act for the regulation of cryptocurrencies?
What are the potential consequences of freshwater shortages caused by Bitcoin's water consumption?
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