tldr; The European Parliament has voted against a provision that could have banned the use of Proof-of-work (PoW) in the European Union. PoW is a consensus algorithm that currently powers Bitcoin (BTC) and Ethereum (ETH). It’s a form of adding new blocks of transactions to a cryptocurrency’s blockchain. If passed, the provision could have forced PoW cryptocurrencies to migrate to more environmentally friendly consensus algorithms.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.