Page 4 - Applied Information Technology News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience. ...

The soaring popularity of non-fungible tokens (NFTs) has drawn multi-million dollar trades and celebrity attention. But in addition to generating buzzy headlines, it’s also creating an unintentional byproduct that’s keeping environmentalists up at night: massive energy consumption adding to the overall carbon footprint created by cryptocurrencies, Ethereum in particular. NFTs are Ethereum-based tokens that are part of the Ethereum blockchain. Platforms that sell NFTs typically need buyers to use Ethereum to make their purchases. It is claimed, the digital token already uses about as much ...