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Digital redundancy requires replication, which means a global network. Redundancy isn't enough as it also requires consensus and security. Sprinkle some ownersh
by qqii 6y ago
Digital redundancy requires replication, which means a global network. Redundancy isn't enough as it also requires consensus and security. Sprinkle some ownership via asymmetric cryptography and oh look, we've described destributed ledger technology.
Most Art NFTs that enter the news cycle runs on ethereum. Ethereum not only processes NFTs but a multitude of other transactions for other projects and is a order of magnitude more energy efficient and already moving to become more energy efficient. This specific platform in on the Matic L2 sidechain which is again an order more efficient. There's even a specific blockchain called Flow by the creator of the first NFTs that are designed for NFTs.