Those who joined the crypto early on have it good today, and their riches have brought in more users over time.
19 Apr 2022, 06:05
Those who joined the crypto early on have it good today, and their riches have brought in more users over time. But with more users, the price of crypto rises, and so does the amount of computing power that miners put into validating transactions and creating new cryptocurrencies. But all this computing power is generated using electricity, which is most often generated using fossil fuels that impact the environment. To mitigates that, proof-of-stake(PoS) was introduced, which is a system of mining cryptocurrencies that reduces the overall impact crypto mining has on the Earth's climate. And under proof-of-stake, comes to a new concept called Staking.