#4 Digital Currencies Are Bad for the Environment - Deepstash
#4 Digital Currencies Are Bad for the Environment

#4 Digital Currencies Are Bad for the Environment

Some cryptocurrencies employ a consensus mechanism that uses computational power and large amounts of energy to verify and validate transactions. 

Mining farms requires massive amounts of energy. 

  • high environmental impact. if energy comes from fossil-fuel-powered grids
  • low environmental impact. if energy comes from sustainable energy

Blockchain technology is ever-evolving, with some taking steps to reduce their environmental footprints.

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cesargb01

Bolivian 🇧🇴 Engineering student ⚡⚙️

Because cryptocurrencies have grown in popularity in recent years, it is critical to be well informed on these new themes.

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Are NFTs bad for the environment?

NFTs are at least partially responsible for the millions of tons of carbon dioxide emissions generated by the cryptocurrencies used to buy & sell them.

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