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It's now a fact for everyone that cryptocurrency is the money of the future. But this future can be devastating to the environment. Experts from Cambridge University have found that mining is the greatest environmental problem.

Bitcoin as an example consumes more electricity per unit than Argentina's whole, so it is unlikely that this figure will fall in the near term.

The greenhouse effect from mining farms in China will exceed the greenhouse effect of Phillipine by 2024. Bitcoin was the first cryptocurrency that used Proof-of-work technology, and like all new inventions this one isn't perfect. Today, more advanced blockchain platforms make use of proof-ofstake 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. They have different mechanisms that provide importance to the proof of the effort done.

Proof-of-Work is a technology for protecting the cryptocurrency network based on the idea of identifying solutions to crucial tasks of its participants.

Proof-of-Stake is a technology for protecting cryptocurrency networks . the participant who is forming a block within the chain is identified by the percentage of coins that make up their total.

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

Does Cardano use PoS technology?

For example, Cardano is a 3rd generation public blockchain. Cardano is a third generation public blockchain which solves issues such as (scalability, large power consumption) Cardano uses crypta.news/%d1%87%d0%b5%d1%80%d0%bd%d1%8b%d0%b9-%d0%b4%d1%80%d0%b0%d0%b3%d0%be%d1%86%d0%b5%d0%bd%d0%bd%d1%8b%d0%b9-%d0%ba%d0%b0%d0%bc%d0%b5%d0%bd%d1%8c-%d0%b2-555-%d0%ba%d0%b0%d1%80%d0%b0%d1%82-%d1%81%d0%b0/ Proof-of-Stake technology that requires less energy. It is crucial to keep in mind that the ADA Cardano cryptocurrency is not mined, i.e. in simpler terms, it is not mined like Bitcoin.

Cardano is a brand-new cryptocurrency.

Cardano Charles Hoskinson

The Cardano Forest eco project, along with the non-profit Cardano Foundation, has raised funds since the 10th of January 2022, to plant 1 million trees across Madagascar, Indonesia, Kenya, Nepal, and Haiti through the ADA cryptocurrency.

"Cardano Forest has been 100 percent funded. 1 million trees will be registered on the Cardano blockchain. Frederik Gregaard (CEO of the Cardano Foundation) wrote on Twitter that the success of our project was proof of environmental restoration efforts.

What exactly is Veritree?

Veritree is an innovative start-up that helps businesses, consumers and organizations to raise funds for the restoration of the Earth's ecosystem. Veritree collaborates with plant-growing organizations, which standardizes the http://www.thefreedictionary.com/crypto gathering administration, management, loading verification and delivery of data, as well as evidence to both sides.

What is the secret to it?

It's very easy. 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 represents one tree. The minimum amount for purchase is 15 ADA tokens. The TREE token can then be exchanged for tokens that are not exchangeable or digital trees (NFT).

According to the most recent Veritree report The highest amount of sale was $100,000 ADA (which amounts to about $111 thousand).

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