in

Over 6-months, an artist’s multi-edition NFT’s consume an equivalent amount of energy as using a laptop for 25,000 years. Eth2 proof-of-stake is desperately needed.

Over 6-months, an artist’s multi-edition NFT’s consume an equivalent amount of energy as using a laptop for 25,000 years. Eth2 proof-of-stake is desperately needed.



View Reddit by stickersandtoastView Source

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

4 Comments

  1. tldr; CryptoArt uses the blockchain to track bids and sales of (mostly digital) artworks. The energy consumption of a single Bitcoin transaction is comparable to that of 100,000 VISA transactions per day. Bitcoin consumes 10% of the global banking industry’s energy consumption for a single transaction, compared to 1% of global banking’s.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Loading…

0

What do you think?

Bomb Demons, Force Shows, NFT Everything and 20 Crypto Jokes 101

Bomb Demons, Force Shows, NFT Everything and 20 Crypto Jokes

Think hitting 60K was great, wait until everybody gets they’re hands on these stimulus checks. Next stop, Mars🚀💎