Crypto becomes more eco-friendly
🛢The #crypto industry have long been criticized for irresponsible use of resources and disproportionally huge footprint. Blockcahin transactions (with some exceptions) consume at least 10 times more electricity than conventional banking transactions. Obviously, it is not particularly eco-firendly.

However, the situation has changed recently. A lot of blockchains became much more eco friendly - developers of #Solana, Chia Network and Algorand, for example, work really hard on improving energy efficiency and, therefore, reducing their networks footprint.

But the true revolution was made by #Ethereum that switched from notoriously inefficient Proof-of-Work consensus algorithm to Proof-of-Stake. Just like that the most popular blockchain in the world reduced its energy consumption by 99,9%.

We at Quppy are the strong supporters of reducing our footprint by improving efficiency - it is in fact, one of the core ideas behind #Quppy. After all, if one application can make five other redundant - it will always consume less energy and, therefore, do less harm to the world around us.

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