Ahead of Earth Day, you might see some Algorand billboards in New York's Times Square. camlearnscrypto reports
The Algorand Foundation said Monday that on Thursday, April 21, it will darken Times Square to exhibit its dedication to sustainability.
The move comes as crypto’s carbon costs remain a lightning rod as the sector expands into the mainstream. The energy-intensive proof-of-work consensus mechanism employed by Bitcoin and Ethereum differs from the proof-of-stake approach used by newer blockchains, Algorand included. “We wanted to make a bold statement on a large platform to educate the general public that advances in blockchain technology like those employed at Algorand have made it more green and sustainable than the first generation proof-of-work blockchains, and definitely more green than traditional banking and finance rails,” said Warden, a former executive director at J.P. Morgan.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Covid Policy Locks Down a City Three Times the Size of New YorkChina’s latest wave of Covid restrictions have forced millions of people to stay home and undergo mass virus testing in the metropolis of Shanghai.
Read more »
San Ysidro group calls on Customs and Border Protection to reduce border wait timesThe San Ysidro Chamber of Commerce says border wait times are hours long, and businesses in the area say that means fewer customers and sales.
Read more »
Missing wallaby found in Memphis Zoo after storm: 'Searched multiple times'A missing wallaby in Tennessee has been found in the very zoo it resides after a storm covered up his momentary escape.
Read more »
Man, 32, shot multiple times in Oakland’s Eastlake districtThe shooting happened about 3:45 p.m. Saturday outside in the 700 block of International Boulevard.
Read more »
A star 47 times the mass of the Sun will soon become a hypergiantA team of researchers from Europe and Latin America recently got a look at the gigantic star using a spectrograph in the Canary Islands and they report their findings in a paper published in February 2022 in Monthly Notices of the Royal Astronomical Society.
Read more »