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PoS blockchain like Cardano network now only consumes an energy as big as a household. They already have NFT implemented.
by christiansakai 6y ago
PoS blockchain like Cardano network now only consumes an energy as big as a household. They already have NFT implemented.
- casi 6y agoCardano doesnt even have smart contracts yet, how have they implemented nfts? otherwise yes, energy usage will be dropping massively on most networks with pos upgrades.
- christiansakai 6y agoCardano has a different approach of smart contract than Ethereum. For example, in Cardano, any tokens will be treated as native assets (except with the ability to vote in Cardano network, which you need ADA), so no need smart contract.
- rkalla 6y agoThis is all coming this month/next, but at the time of posting this it is not live.
- christiansakai 6y agoSorry I guess I have to clarify, it is implemented on test net.
- projektfu 6y agoAlgorand does, and also has fungible and non-fungible assets in its layer-1 protocol.
- CositaS 6y agoI always see people point to 'just round the corner' future Proof of Stake systems when the energy waste topic comes up, but it seems like there are still a lot of big unsolved challenges with that, as well as new problems introduced by it. As long as there's no actual widespread fully working currency using only PoS, it's a bit like justifying the emissions from flying by pointing to experimental solar powered aircraft, and saying all flights will be solar powered any day now.
- christiansakai 6y agoNot sure what you mean, there are already blockchains out there using only PoS... Cardano already uses PoS
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