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[Renwick Susana]

Anyone knows that crypto is the future's currency. But it is also a possibility to be devastating to the environmental system. Cambridge University experts have concluded that mining is the main environmental issue.

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

In 2024 the greenhouse impact of mining farms located in China will be higher than the greenhouse effect of Phillipine. https://crypta.news/%d0%b7%d0%b0-%d0%b3%d0%be%d0%b4-%d1%80%d0%be%d1... Bitcoin was the first crypto that used proof-of-work technology. Like any new technology this one isn't ideal, currently more modern 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 two of the most widely used technologies in cryptocurrencies. These two technologies can provide various proofs of work.

Proof-of-Work, a technology that safeguards the cryptocurrency networks, is based upon the notion that its users find solutions to their tasks.

Proof-of-Stake is a technology for safeguarding cryptocurrency networks. each block within the chain is identified by the percentage of coins in their total number.

Both systems have advantages and disadvantages. PoW technology is extremely energy-intensive and resource-intensive. consequently, modern blockchains prefer PoS.

Does Cardano use PoS technology?

Cardano is an example. It is a third-generation blockchain. Cardano is a third generation public blockchain https://en.search.wordpress.com/?src=organic&q=crypto which solves issues such as (scalability and large energy consumption) Cardano uses Proof-of-Stake technology which uses less energy. It is crucial to keep in mind that the ADA Cardano cryptocurrency has not been mined. in simpler terms it's not mined, as in, like Bitcoin.

Cardano is a brand-new cryptocurrency.

Cardano Charles Hoskinson

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

"Cardano Forest is 100% supported by the Cardano Foundation. 1,000,000 trees will be registered on Cardano Blockchain. The success of our project is evidence of the environmental benefits of our efforts," wrote Frederik Gregaard, CEO of the Cardano Foundation, on his Twitter social network.

What exactly is Veritree?

Veritree is an innovative start-up that aids businesses, customers and other organizations in raising funds to restore the earth's ecosystem. Veritree is a partner with plant-growing organizations, which standardizes the gathering, management, loading, verification and distribution of data as well as proof to both sides.

What is the secret to it?

It's quite simple. Veritree is a startup in cryptocurrency as well as the Cardano Foundation plant a tree for each TREE token that can be exchanged against an AD token. Each TREE token equals one tree. The minimum purchase amount is fifteen ADA tokens. The TREE token is then able to be exchanged for non-interchangeable tokens or digital trees (NFT).

According to Veritree's latest data the largest amount sold was 100,000 ADA (which amounts to about $111 million).