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[Goold January]

It is no longer a secret to anyone that cryptocurrency is the money of the future. But this future can cause massive harm to the environmental system. Experts at Cambridge University have found that mining is the largest environmental problem.

As an example, Bitcoin consumes more electricity than all of Argentina and it's likely that this quantity will decline in the near-term.

In 2024, the greenhouse effect of mining farms located in China will exceed the greenhouse effect of Phillipine. Bitcoin was the first crypto to make use of Proof-of-work technology. As with all new inventions this one isn't perfect. Today, more advanced blockchain platforms use proof-of-stake technology.

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

Proof-of-Work and https://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

These are the two most popular cryptographic technologies. They are able to provide mechanisms with different significance about the proof of the work performed.

Proof of-of-Work technology, which safeguards the cryptocurrency network is based on the principle that its participants find solutions for their needs.

Proof of-Stake, which is a crypto-network security system that secures cryptocurrency networks, is where the block-forming participant is determined by the percentage of his part in the total amount of coins.

Both systems have their advantages as well as disadvantages. PoW technology is extremely power-intensive, resource-intensive, and so, modern blockchains favor PoS.

Does Cardano use PoS technology?

For example, Cardano is a 3rd generation of a public blockchain. In order to help creators and developers solve problems such as (scalability and the consumption of huge quantities of energy) Cardano uses modern Proof-of-Stake technology, which consumes much less energy. It is essential to understand that the ADA Cardano cryptocurrency has not been mined. simply put, it is not mined, as in, like Bitcoin.

Cardano is a brand new cryptocurrency.

Cardano Charles Hoskinson

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

"Cardano Forest was fully paid for. 1,000,000 trees will be registered on Cardano Blockchain. Our success is proof of our environmental restoration efforts," wrote Frederik Gregaard who is the CEO of Cardano Foundation, on his Twitter social network.

What exactly is Veritree?

Veritree is a new startup that assists consumers, businesses and organisations in raising funds to restore the earth's ecosystem. Veritree collaborates with plant-growing organizations, standardizes the collection and management of information, as well as the loading, verification and transfer of data and also provides evidence for both parties.

How do they work?

It's very easy. Veritree is a startup in cryptocurrency and the https://www.washingtonpost.com/newssearch/?query=crypto Cardano Foundation plant a tree for each TREE token that is exchanged in exchange for an AD token. Each TREE token equals one tree. The minimum purchase amount is fifteen ADA tokens. The TREE token, when used can be exchanged in exchange for digital trees as well as non-interchangeable tokens (NFT).

According to the most recent Veritree report, the highest sale amount was 100,000 ADA (which is roughly $111 million).