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So far, the ecological impact of cryptocurrency production has been a major concern. Offsetting Bitcoin’s carbon footprint would require planting 300 million trees, starting yesterday! 🌲

Luckily, the crypto industry has realized this problem and they are making a change. Since June 2022, crypto worldwide is greening up ✅

Most cryptocurrency today is mined through a proof-of-work (POW) system, which prevents fraud and ensure privacy. There’s incentive for central processing units (CPUs) to have the highest possible processing power, to be able to run multiple programs simultaneously 💻

High processing power = higher electricity use ⚡️ ⚠️

Further, there’s the issue of toxic waste. This industry results in waste that, experts anticipate, will soon approach 64,400 metric tons. That’s 9,700 elephants, for scale! 🐘😰

That’s why this change is so important!

“If a sustainable option already exists, then organizations with forward-facing environmental policies are sure to select it,” says Sid Lee’s Vice President and Head of Strategy, Yanick Bédard. “2022 will be a pivotal year.” ♻️

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These are the top 5 most expensive NFTs ever sold!👆🏼🖼

NFTs became very popular on 2021 and their popularity continues to grow with art collections worth millions being sold as digital jpegs. Even some of the top influencers and celebrities in the world are getting involved 👾

NFT refers to Non-Fungible Token. They are essentially tokens – most commonly art – which are bought and sold on exchanges and stored on the Blockchain 🔗

Do you think that NFTs are here to stay? Will they ever replace traditional art? 👩🏼‍🎨 We want to know your opinion! Leave it on the comments 👇🏼

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We all know what cryptocurrencies are, but have you ever wonder what does “crypto” mean? 💭

The term comes from the Greek word “kryptos”, which means hidden 👀🔍

The most common use of cryptography, when transmitting electronic data, is to encrypt and decrypt email and other plain-text messages. It is a method of protecting information and communications through the use of codes 👨🏻‍💻

Cryptocurrency requires cryptography to secure the transactions and to verify transfers 🪙

Join our crypto universe! 🚀