Crypto Recovers From Elon Dump Led by Proof-of-Stake Coins

Energy-efficient blockchains are leading the crypto rebound after Elon Musk, Tesla CEO, shocked the crypto world yesterday saying the car manufacturer “has suspended vehicle purchases using Bitcoin” because of the fossil fuels needed to run the network.  Cryptocurrencies running on the Proof-of-Stake consensus mechanism, which is more energy-efficient than Bitcoin’s Proof-of-Work mechanism, make up six…

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