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[Maclean Schneiderman]

Anyone is aware that crypto is the currency of the future. However, this future could cause a massive damage to the environment. Experts at Cambridge University have found that mining is the greatest environmental threat.

For example, Bitcoin consumes more electricity than the whole of Argentina It is unlikely that this amount will decline in the near-term.

The impact of greenhouse gases from mining farms in China is expected to surpass the greenhouse effect of Phillipine in 2024. Bitcoin was the first crypto to use proof-of-work technology. Like the majority of new technologies this one isn't perfect. Today, more advanced blockchain platforms utilize proof-of-stake technology.

What is Proof-of-Work and Proof-of-Stake?

Proof of Work and Proof of Stake

They are among the most commonly used cryptocurrency. They offer mechanisms of different importance in the verification of the work performed.

Proof-of Work is a technique for safeguarding the cryptocurrency network on the idea of identifying solutions to essential tasks performed by its members.

Proof-of-Stake, a cryptocurrency network security technique that safeguards cryptocurrency networks. This is when the block-forming participant is determined by his share of the total number of coins.

Based on facts Based on the facts, both systems have advantages and disadvantages, PoW technology is very heavy on energy and requires a lot of resources. Because of this, modern blockchains would prefer PoS.

Does Cardano use PoS technology?

Cardano is a good example. It is a third-generation , public blockchain. Cardano is a 3rd-generation public blockchain that solves problems such as (scalability, large power consumption) Cardano uses Proof-of-Stake technology which uses less energy. It is essential to understand that the ADA Cardano cryptocurrency has not been mined. in simpler terms it's not mined like Bitcoin, for instance as Bitcoin.

Cardano is a brand new technology cryptocurrency.

Cardano Charles Hoskinson

Along with the Cardano Foundation, the eco-project Cardano Forest has raised funds beginning on 10 January 2022, in order to plant one million trees at Madagascar, Indonesia, Kenya and Nepal using the ADA cryptocurrency.

"Cardano Forest is 100% funded. 1,000,000 trees will be registered on the Cardano Blockchain. The success we have achieved is proof that we кардана криптовалюта have done our part to restore the environment," wrote Frederik Gregaard, CEO of the Cardano Foundation, on his Twitter page.

What is Veritree?

Veritree is a start-up which assists businesses, companies and individuals to raise money to help restore the earth's ecosystem. Veritree is a business which collaborates with organizations with a plant-based culture and standardizes the collection of information, management, loading verification delivery, and verification of data.

How do they work?

It's very easy. Veritree is a cryptocurrency startup along with the Cardano Foundation plant a tree for every TREE token , which can be exchanged against an AD token. Each TREE token is one tree. The minimum purchase amount is fifteen ADA tokens. The TREE token will be exchanged for non-interchangeable tokens as well as digital trees (NFT).

According to the latest figures from startup Veritree the biggest sale value was 100,000 ADA (which is roughly $111 million).