Some recent technical advances — like “proof-of-stake” blockchain networks, carbon offsetting, and alternative energy — could lead to an environmentally friendlier future for crypto.
, the barrier for entry is lower, so the process is more efficient and less costly.
Now, there’s also something called proof-of-authority , which is what VeChain uses, for one. While PoS relies on the amount of tokens a participant is willing to stake, PoA relies on a participant’s identity and reputation. Musician-turned-entrepreneur Fredrik Eriksson, known mainly for his composing work and status as a member of the band Grizfolk, is one of the founding members of yet another new marketplace called Allauras, which launched last month and operates on VeChain.
This Friday, an NFT marketplace called Curio, which is specifically devoted to media and entertainment works, revealed their partnership with, a new kind of credit card company that plants trees as you spend money.
Quick catch-up: PoS, LPoS, PoA, lazy minting, layer two, and various forms of carbon offsetting are all ways towards a more sustainable future. But there’s more: Some companies are also investing in alternative energies to power their facilities. YellowHeart, for example, is currently in the process of building solar-powered mining spaces in Puerto Rico.
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