How Much of an Environmental Impact Do NFTs and Cryptocurrencies Have?
Crypto can be connected to blockchain data that helps save the world. But running cyrpto servers damage the world in special ways.
Crypto can be connected to blockchain data that helps save the world. But running cyrpto servers damage the world in special ways.
Blockchain and forex can be applied to benefit the environment. But there are risks.
The partnership between Food for Life Global and the Milk and Butter Tokens has proven to be one of the biggest charitable crypto projects, where 5% of every Butter token transaction directly goes into a charity wallet to then be distributed to charities voted on by holders.
The “Helicopter” can even function inside a room collecting the sun as the rays hit the open space.
The way the crypto miners produce currency is through an energy-intensive process requiring vast computing resources. According to recent estimates, over the course of a year, cryptocurrency consumes around 64 TWh (terawatt hours) of energy.
Forward-thinking waste management firm, Business Waste, have said that they are ‘reluctantly’ no longer accepting cryptocurrencies – such as Bitcoin – as payment for their services. The company originally announced it had become the first refuse and recycling business to accept these virtual currencies as payment in 2017 in order to give flexibility to their customers […]