—”How does that compare to energy usage of the entire worldwide banking system?”
A valid question.
Worldwide banking is considerably more than transferring funds the prime function of the blockchain.
A quick look shows many SWAG estimates.
If you know of any solid looking studies, please post them.
“ Worldwide banking is considerably more than transferring funds the prime function of the blockchain.”
The purpose of crypto is far beyond simply transferring funds.
You can invest for interest, growth, borrow, invest, create businesses on the blockchain, etc.
I haven’t seen comparison studies, but is something large or small with nothing to compare?