Alternative Solutions
Newer cryptocurrencies are adopting proof-of-stake and other energy-efficient consensus mechanisms, potentially reducing energy consumption by over 99% compared to traditional mining.
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Delve into the complex relationship between digital currencies and their effects on our planet's resources.
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Similar ideas to Alternative Solutions
How is the Solana Network Secured?
- Solana relies on a unique combination of proof-of-history (PoH) and proof-of-stake (PoS) consensus mechanisms.
- P...
Proof of stake
Similar to Proof-of-work, Proof-of-Stake is a consensus mechanism which underpins security of the blockchain by preventing doubles...
#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 en...
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