Crypto

Why are nfts bad for the environment?
Crypto

Why are nfts bad for the environment in 2024?

You may be aware of the effects on the environment of non-fungible tokens, or NFTs. NFTs do not directly affect the environment, but their production process does have an effect on our climate.
NFT creation can be a very energy-intensive process. Since Ethereum switched to a proof-of-stake model, the majority of NFTs are created on a blockchain that uses a fraction of the energy of a proof-of-work blockchain. Blockchains that need to perform energy-intensive tasks, whether they have to do with cryptocurrency or not, may produce too much carbon if they use energy from non-renewable sources.

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Crypto

How Does a Hash Help Secure Blockchain Technology?

In the realm of blockchain technology, security is paramount. With the rise of digital assets and decentralized networks, ensuring the integrity and immutability of data is essential. One of the fundamental mechanisms that contribute to the security of blockchain technology is the concept of a hash. In this comprehensive guide, we will delve into the role of hashes in securing blockchain technology, exploring their functions, characteristics, and significance in maintaining the integrity of distributed ledgers

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