Transactions with Bitcoin burn up A LOT OF energy.
Each transaction consumes almost twice the monthly amount used by the average U.S. home.
Here’s what you need to know.
cryptocurrency mining costs energy.
Computers need computing, networking, and cooling.
More electricity comes from more coal and fossil fuels.
Mining equipment used to obtain Bitcoin becomes obsolete in about 1.5 years.
As more and more people dig into the Bitcoin circle, the amount of electronic waste is comparable to the total electronic waste generated by a country like Luxembourg.
The PoS saves a lot of energy, compared to PoW.
Other ways like proof of history, proof of elapsed time, proof of burn, and proof of capacity are under development.
You can choose platforms that use more eco-friendly cryptocurrencies.
Platforms like @VoiceHQ build on blockchains that offer carbon-neutral minting and zero gas fees.
They are more eco-friendly compared to ETH.
Two ways to improve scalability in web3:
These solutions could ease up the burden on blockchain networks like Ethereum.
@KlimaDAO releases KLIMA tokens and uses them to offset carbon emissions. They actively support pro-climate projects and now have absorbed 17,245,026 tons of carbon!
If every NFT program includes environmental protection in the roadmaps, web3 could make a difference.
🤔We still have a lot to do to make web3 more sustainable and eco-friendly. Let’s embrace a greener web3 world!