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[Renwick Susana]

It's no longer a secret to everyone that crypto is the currency of the future. However, this future could cause a massive damage to the ecosystem. Experts from Cambridge University have found that mining is the greatest environmental https://en.search.wordpress.com/?src=organic&q=crypto issue.

Bitcoin, for example, consumes more electricity per unit than Argentina's whole, so it is unlikely that this number will drop in the near future.

In 2024 the greenhouse effect of mining facilities located in China will be higher than the greenhouse effect of Phillipine. Bitcoin was the first cryptocurrency to utilize proof-of-work technology. However, like all new inventions it is not a perfect solution. Currently, more modern blockchain platforms are using proof-of stake technology.

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

Proof-of-Work and Proof-of-Stake

These are among the most widely utilized cryptocurrency. These two technologies can provide various proofs of the work.

Proof-of-Work, a technology that safeguards the cryptocurrency network is based on that its users can find solutions to their challenges.

Proof-of-Stake, a cryptocurrency network security technique that safeguards cryptocurrency networks. This is when the participant who is forming blocks is identified by the percentage of his part https://crypta.news/%d0%b7%d0%b0-%d0%b3%d0%be%d0%b4-%d1%80%d0%be%d1%81%d1%81%d0%b8%d1%8f%d0%bd%d0%b5-%d1%81%d0%be%d0%b2%d1%80%d0%b5%d1%88%d0%b8%d0%bb%d0%b8-%d0%be%d0%bf%d0%b5%d1%80%d0%b0%d1%86%d0%b8%d0%b9-%d1%81-%d1%86/ in the total amount of coins.

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

Does Cardano use PoS technology?

For example, Cardano is a 3rd generation of a public blockchain. Cardano is a 3rd-generation public blockchain that solves problems such as (scalability and large energy consumption) Cardano uses Proof-of-Stake technology which consumes much less energy. It is crucial to note that the ADA Cardano cryptocurrency has not been mined. in simple terms it's not mined, as in, like Bitcoin.

Cardano is a brand new technology cryptocurrency.

Cardano Charles Hoskinson

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

"Cardano Forest is 100 100% funded. One million trees will be registered on the Cardano blockchain. Our success is proof of environmental restoration activities," wrote Frederik Gregaard who is the CEO of Cardano Foundation, on his Twitter social network.

What is Veritree?

Veritree is a business that assists businesses, organizations and consumers to bring funds to repair the ecosystem of the planet. Veritree works with plant growing organizations, which standardizes the gathering and management of information, as well as the loading, verification and distribution of data and also provides evidence for both parties.

How does it work?

It is very simple. The Cardano Foundation with the cryptocurrency startup Veritree plants a tree every time an AD token is exchanged for TREE tokens each of which is equal to one tree. The minimum purchase amount is fifteen ADA tokens. The TREE token may be traded for non-interchangeable tokens, or digital trees (NFT).

According to the most recent data from the startup Veritree, the largest sale amount was 100,000 ADA (which is about $111 million).