New cryptocurrency sparks buzz with game-changing feature: ‘Requires a tiny fraction’
One blockchain is making waves as an eco-friendly alternative to traditional crypto mining methods.
Celo is a cryptocurrency that allows people to send money around the world instantly and free of charge, making it a popular choice for people sending remittances to their home countries, as Yahoo Finance reported. It also promises to cause less carbon pollution than its peers in the crypto space.
Cryptocurrencies use a process called mining to produce new coins and verify transactions. Most cryptocurrencies, including Bitcoin, mine coins through “proof of work,” in which huge computers solve complex mathematical equations to generate transaction codes.
These processes use a lot of electricity. Since most electric grids…
