According to a study conducted by the University Of Cambridge, BTC consumes around 121.36 terawatt-hours (TWh) per year. In contrast, Argentina, with its population of around 45 million, consumes only 121 TWh. The story of the environmental disaster that is Bitcoin is well known, yet the topic has never been discussed as intensively as it has been these days due to Elon Musk’s public opinion change. This also puts green altcoins in the spotlight.
Experts agree: Bitcoin is still the king among cryptocurrencies — and will probably remain so for the time being. However, the fact that other currencies are…
Since the launch of Algorand in the summer of 2019, more and more people are getting excited about the promising cryptocurrency, which aims to avoid some of the problems of older currencies. Decentralization, scale, and speed are the three challenges Algorand tries to solve. It does this by providing both the infrastructure and tools that many dApp developers need to create their apps and assets that can potentially be used by billions of people.
Algorand builds technology that accelerates the convergence between decentralized and traditional finance by enabling the simple creation of next generation financial products, protocols and exchange of…
Elon Musk has triggered a debate that has also affected the market. Bitcoin relies on mining: this unnecessarily pollutes the environment, wherefore Tesla no longer accepts BTC. The Bitcoin price then plummeted, bringing the entire market down as well.
For this reason, numerous other projects have specialized in solving these problems and want to function as an alternative.
The new cryptocurrency Chia, which is currently being traded as an environmentally friendly alternative to Bitcoin, has led to a boom in storage media such as hard disks and solid-state drives (SSD) due to its high storage capacity requirements.
Bitcoin is the oldest and most popular cryptocurrency and ranks first in market capitalization above all others. However, there are now numerous alternative coins. For example, the new cryptocurrency Chia, coming with a new and much more sustainable consensus mechanism. More on that later on.
Chia seeds are the edible seeds of Salvia hispanica. Hehe, just kidding!
The Polkadot token (DOT) price skyrocketed in February along with other cryptocurrencies, gaining 353 percent since the beginning of the year by reaching the $42 mark.
Polkadot is gaining popularity as the project aims to decentralize the web by connecting blockchains and allowing them to interact with each other, which will enable new applications such as certain decentralized financial services (DeFi).
Web3 refers to the next-generation Internet, where decentralized platforms give…
A new hype is slowly emerging in the crypto scene: the so-called social tokens.
After the massive medial attention of NFTs, another potentially interesting investment case gains traction.
As the ICO boom in 2017, the hype around DeFi applications and the current buzz around NFTs shows a lot of potential in the still fresh crypto-scene.
Makes it obvious that crypto enthusiasts are trying to find “the next big thing”. And there is much to suggest that the next crypto trend has already been determined: social tokens.
According to computer scientist and entrepreneur Dominic Williams, his foundation Dfinity switched on the “new” Internet a few days ago. With quite a boom: the new crypto-coin Internet Computer dropped in within the first ten cryptocurrencies.
We are talking about an (eventually at one point) global computer network whose locations are currently in the USA, the EU, and Singapore. Virtualized applications run on them without a fixed physical address in so-called “canisters”, based on smart contracts and thus entries in a blockchain. They contain code that is to be executed as a WebAssembly in the user’s browser. …
The crypto market has been going nuts over the past few weeks. What a rollercoaster! At the forefront: Dogecoin (DOGE), which reached a market capitalization of about 90 billion US dollars at the peak.
The hype evolved primarily due to Elon Musk and other influencers, who once again put the meme coin in the center of attention. This can also be seen in the Dogecoin price trend over the last few months: since the beginning of 2021, DOGE has risen by over 10.000 percent. …
When Bitcoin (BTC) was launched in 2009, a community quickly emerged with the idea of a decentralized cryptocurrency. An important key element of the BTC concept was (and still is) that all transactions in the blockchain undergo an automated verification process before they are written irreversibly. BTC relies on the proof of work principle, which, in simplified terms, means that checksums are hidden in cryptographic puzzles in the network. The puzzles must be solved before a transfer can be authorized. …
Tezos (XTZ) is a blockchain network connected to the digital token, also called “tez” or “tezzie”. Unlike other cryptocurrencies such as Bitcoin or Litecoin, the Tezos network does not rely on the Proof Of Work consensus, thus traditional mining. Instead, token holders receive a reward for taking part in the Proof Of Stake mechanism.
The main purpose of Tezos is to bring token holders together to cooperatively make decisions that will improve the cryptocurrency in the future. Tezos’ native token symbol is XTZ.
Tezos is a decentralized platform used for the creation of dApps. This cryptocurrency is very similar to…