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Was the carbon problem solved by coding?

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Has cryptocurrency found a solution to the carbon problem, or is this just security thinking?

Cryptocurrencies have long been portrayed as climate fiction villains who abuse their rising power for what appears to benefit a select few. The narrative has now changed direction. The world’s second largest cryptocurrency, Ethereum, has revealed changes to its multi-billion dollar operations that would reduce its overall energy consumption by nearly 99%. Could this indicate that cryptocurrency is beginning to evolve into the decentralized system its longtime proponents have claimed it will be, revolutionizing banking, the economy and possibly even environmental politics? Or will everything resume as usual when the clock strikes twelve?

The coding starts to turn green

1. Less emissions, fewer bills

The traditional cryptocurrency may have been created by the fossil fuel industry; In order to generate new coins, users must solve more difficult math puzzles, which necessitate larger and larger server farms. Ethereum slows this oncoming train with some terrifyingly difficult computations that require less computing power. As a result, Ethereum should use less energy globally than a thousand average homes in the United States, rather than the same amount that the entire Netherlands uses each year.

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2. A more flexible environment?

Ethereum is a blockchain platform that supports digital art NFTs worth hundreds of millions of dollars as well as potential smart contracts that could provide security and transparency. It’s not just a coin. Academics have long argued that if energy use can be reduced, then blockchain technologies could enable more affordable smart emissions trading schemes, monitoring of recycled goods, and green finance. The possibilities are well discussed in this Financial Times Podcast.

3. More coins, less carbon

There are many carbon-backed coins that are specifically aimed at combating climate change, often by pegging new coins with the issuance of carbon credits, yet they are currently only a fraction of the size of Ethereum or Bitcoin. Every coin you buy, for example, is a representation of actual carbon assets, such as trees. To investigate its potential advantages, the World Economic Forum recently created the Crypto Impact and Sustainability Accelerator.

Less bad is not always good, and vice versa

1. It still consumes a lot of energy

According to the Digiconomist, even though Ethereum uses less energy than it did before, it still consumes nearly 20 times as much energy per transaction as a centralized system like Mastercard. There is an opportunity cost because this is essentially extra and wasteful work compared to functional alternatives, claims Maximilian Holland at CleanTechnica. This is the missed opportunity in using this energy for family well-being and other essential economic functions.

2. The Giant Elephant in the Room – Bitcoin

Cryptocurrency mining is not about smart contracts; It’s about making money fast. According to the BBC, some Ethereum miners are already resuming their efforts to mine Bitcoin. The largest and most energy-intensive cryptocurrency, Bitcoin uses about 0.5 percent of the electricity produced in the world. This is illustrated in a recent paper from the University of New Mexico published in Nature. According to research, beef production or fuel use causes $0.35 in climate damage for every $1 bitcoin made.

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3. Cacophony of deception games

A scam involving misplaced coins, hacked blockchains, or stolen cryptocurrency wallets always grabs the headlines. When the technology and the social institutions that support it are truly impervious to harm, decentralization is great. However, it is undesirable when your life savings – or carbon credits – are at constant risk.

What to pay attention to

Will Bitcoin imitate Ethereum?

While it is currently unlikely that Bitcoin will transform into more energy-efficient operations, a smooth transition to Ethereum — combined with unusually high energy prices this winter — could reignite discussions about excessive Bitcoin consumption. for energy.

computer chips costs

Since the beginning of the year, the average cost of ultra-fast GPUs used by crypto miners has fallen by half. The Ethereum reforms are partly responsible for this downturn, but regulators are also considering putting limits on energy-intensive mining cryptocurrencies. The US government has been tasked with monitoring and overseeing the carbon impact of cryptocurrencies in a study on the climate and energy implications of crypto assets that the White House published in August. Eventually, coin miners may discover that their computer farms are stuck, similar to offshore oil reserves.

The bright side of the cryptocurrency crash.

During the summer, a lot of cryptocurrencies experienced significant losses in value. There is a chance for some of the most socially beneficial components of blockchain technology to take center stage as cryptocurrency loses its appeal as a speculative asset.

BC casino game

IMPT Token Presale

IMPT.io It is an entirely new project focused on using blockchain technology for a greener world, and aims to transform the opaque carbon credit market by incentivizing individuals and businesses to reduce carbon dioxide emissions.

IMPT’s core service is to simplify the process of obtaining and trading carbon credits, which plays an essential role in the fight against climate change. These carbon credits are essentially contracts that allow the holder to release a specified amount of carbon dioxide into the atmosphere. Each carbon credit is usually associated with one ton of carbon dioxide emissions.

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Interestingly, these carbon credits can also be traded, with prices set based on the laws of supply and demand.

As noted in white ribbon IMPTr, the amount of carbon credits required globally is expected to increase at least 20-fold by 2035. This increase in demand requires a secure and transparent market that allows individuals and businesses to work together for the common good.

This is where IMPT comes in, its blockchain-based platform helping to eliminate ‘double selling’ in the carbon credit market. Moreover, IMPT makes it easier for individuals to help the environment by allowing them to obtain carbon credits through their daily shopping activities.

IMPT collects $1,630,597.392 in the first four days of presale

IMPT’s presale has begun, and the project has already raised more than $1.6 million. As the pre-sale progresses, the price will rise steadily, which means that the first buyers will end up with the best deal.

While there was a short early sale, at the moment, IMPT is in its first pre-sale phase with IMPT tokens selling for just $0.018. A total of 600,000,000 tokens (3 billion IMPT is the maximum offer) were raised during this round, with another 660 million to be sold for $0.023 during the second round, and another 540 million to be sold during the third and final presale phase for $0.0280.

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10,000+ Brands Ready to Join IMPT.io

So far, according to the project’s website, more than 10,000 brands have agreed to join IMPT.io and work with it in the future as part of its mission to reduce emissions.

This means that we could see some amazing growth for IMPT when it comes out. With IMPT tokens expected to sell for $0.0280 during the third stage of the pre-sale, we can estimate that IMPT will likely list between $0.028 to $0.06. This will prompt early pre-sale investors to make a huge profit right away and with further growth expected soon after the launch of the project, we can see prices rise even more soon after the token becomes available on exchanges around the world.

IMPT cashback on spending

One of the main incentives for people who use IMPT is the fact that they are able to Earn cash on spending.

Every time someone makes a purchase via the platform, they can choose to become part of the high carbon emissions solution, by earning IMPT tokens in return. Those who earn IMPT can then choose to use tokens to earn carbon credits as NFTs.

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DOT/USD is making a steady bullish recovery

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Polkadot price is making a smooth and steady recovery to the upside, after it declined near the $5.00 mark. Furthermore, market signals seem to reveal that this move may have found strength to move above the $6.00 level.

Polkadot Analysis Stats Data:
DOT value now: $5.61
DOT market cap: $6.45 billion
Polkadot mobile show: 1.15 billion
Total supply from the Ministry of Transportation: 1.26 billion
Polkadot Coinmarketcap rating: #11

Key price levels:
Highest: $5.61, $5.80, $6.20
Floor: $5.30, $5.00, $4.70

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Polkadot Price Prediction Today December 3, 2022: DOT/USD Needs Contribution of Bulls

DOT / USD At the moment, it is recovering steadily, as seen by the price action on the daily chart. During this continuous session, the price activity consists of a significant amount of buying. Thus, this brings the price above the middle boundary of the Bollinger Band. Also, the MACD curves can be seen rising smoothly towards the 0.00 line after it had performed a bullish crossover. However, more buying is still needed, to develop the current price action significantly. This is said to have happened when the price action found support above the middle band of the Bollinger Band. Ultimately, this could lead to a price move near the $6.00 mark.

Polkadot Price Forecast Today, December 3, 2022: DOT/USD Makes a Steady Bullish Rebound

Polkadot Price Prediction Today Dec 3, 2022: DOT/BTC Needs More Push

The price action in the DOT/BTC market looks less than impressive. This is depicted by the fact that the current price has not made it above the moving average line. The last price candle here pushed the price to the Bollinger band level. However, in the current session, the tailwind effect is very clear. This can be seen as the price candle looks huge. However, the MACD curves are getting close to each other to crossover. Therefore, for traders to see more upside, more upside is needed in the price action. If all the market factors here can continue to align in favor of the upside for a little while longer, the price will move further towards the 0.0003400 mark.

Overall, we can say that Polkadot is only making small gains at the moment. However, for traders to make a good profit from the market, there is a need for significant price movements to occur. Thus, this is where the effect symbol is IMPT This comes. This is a cipher that allows its users to contribute to making our environment greener and more sustainable. Interestingly, this token is in pre-sale and has raised $13.5 million. The amount raised through the pre-sale reveals that this token is selling fast, and this is a great opportunity for you to invest in this project.

Likewise, the Dash 2 Trading (a unified analytics platform that helps users get ahead of the market intelligence) conducts a pre-view of its token. This cryptocurrency has raised nearly $8 million through ongoing pre-sales. D2T’s features aim to improve users’ trading experience. In addition, the team members are on board, and Dash 2 Trade will soon launch its own demo dashboard.

Related:

Dash 2 Tadawul – High Potential Pre-Selling

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Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

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LBLOCK V1 is looking to top the $0.0001800 price level

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Lucky Block V1 price is witnessing the influence of bullish forces and this has pushed its price near the $0.0001800 mark recently. However, a headwind later blew in, causing some minor setbacks. However, LBLOCK V1 seems to have found new strength, and with it this crypto seems focused on breaking $0.0001800.

LBLOCK V1: November 3, 2022
LBLOCK V1 Price: $0.0001716,000
Lucky Block V1 Market Cap: $7.01 Million
Streaming view LBLOCK V1: 40.77 billion
Total supply LBLOCK V1: 99.6 billion
Lucky Block V1 Rank on Coinmarketcap: #4890

Main price tag:
Resistance: $0.0001716, $0.0001756, $0.0001796
Material: $0.0001680, $0.0001660, $0.0001630

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LBLOCK V1 PRICE FORECAST: Lucky Block V1 is set to Ascending

On the 4-hour chart of LBLOCK v1, it seems that the price is ready to move up significantly. This can be seen as the fast and slow Guppy MMA lines are now converging to cross below a bullish price candle. Also, the MACD lines are now out of balance. Moreover, these lines do not move sharply downward, but sideways. Thus, as the ongoing session continues to remain in the hands of buyers, we may see a significant rally in prices.

Lucky Block V1 Price Prediction: LBLOCK V1 Eyes Top $0.0001800 Price Level

LBLOCK V1 Price Prediction: Looks like the Lucky BLOCK V1 Uptrend has started

Upon reaching the lower time frame of the 1-hour LBLOCK V1, it can be seen that the price indicators seem to reveal that we may be at the beginning of a significant price increase. The last price candle here continues to indicate that buying is still going on. Also, the Guppy Multiple Moving Average curves have now converged below the current price level. Also, the MACD lines are below the 0.00 level but are now moving upwards. Thus, buyers can now gain more bullish buying confidence, and this could lead to Lucky Block price rising above $0.0001800.

It looks like this market is poised to make some promising moves, just like the impact token IMPT. This is a cipher that allows its users to contribute to making our environment greener and more sustainable. Interestingly, this token is in pre-sale and has raised $13.5 million. The amount raised through the pre-sale reveals that this token is selling fast, and this is a great opportunity for you to invest in this project.

Likewise, the Dash 2 Trading (a unified analytics platform that helps users get ahead of the market intelligence) conducts a pre-view of its token. This cryptocurrency has raised nearly $8 million through ongoing pre-sales. D2T’s features aim to improve users’ trading experience. In addition, the team members are on board, and Dash 2 Trade will soon launch its own demo dashboard.

You can purchase Lucky Block here. Buy LBLOCK

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Related:

Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


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4 Best Cryptocurrencies to Buy Right Now, Dec 2: ETHW, TWT, TAMA

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The potential for most currencies to turn bullish has decreased significantly during the current bear season Cryptocurrency Market. However, pre-sale tokens with innovative use cases, such as Dash 2 Trading (D2T), is often your best bet because many investors are currently shifting their investments there. During the ongoing D2T token pre-sale, just over $8 million was raised. An integrated analytics platform called Dash 2 Trade (D2T) provides market-beating information and tools to help you advance your trading career. The hiring of additional team members caused a delay in the pre-sale beta launch of the dashboard.

The moving average (MA) for ETHW/USD has already indicated a buy. A breakout from the diagonal resistance could lead to a strong expansion to the upside. For now, TWT/USD is still looking bullish inside the bullish channel. Buying Dash 2 Trade at this moment could also be another profitable move for investors since D2T is practically beneficial to its community.

EthereumPoW (ETHW / USD)

After bouncing back at the $13.89800 resistance, the price is dropping sharply below the top. Recently, the price reached the $3.06110 support, and ETHW/USD is expected to break and retest the downtrend line to the upside.

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EthereumPoW (ETHW / USD)

Current price: $4.04
Market value: $0.43 billion
Trading volume: $95 million
7 day profit: 21.26%

Trust Wallet Token (TWT/USD)

TWT/USD price is currently rising within a bullish channel, but not parallel. It is currently expected that the market will seek liquidity below the equal lows and inside the liquidity void before resuming the market’s upward trend. While waiting for a downward correction, it would be a good idea to buy D2T And keep it as it is currently in pre-sale.

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Trust Wallet Token (TWT/USD)

Current price: $2.41
Market value: $1.00 billion
Trading volume: $0.16 billion
7 days profit: 11.25%

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Tamadoge (TAMA/USD)

After the downtrend line was broken on November 29, more bulls were looking for a discount to place their buy orders. The Tamadoji The market reacted to the bullish order block, and the price is expected to continue rising until reaching the old high at $0.020750.

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Tamadoge (TAMA/USD)

Current price: $0.0197
Market value: $20.8 million
Trading volume: $1.07 million
7-day profit: -5.48%

Impact Code (IMPT)

effect symbol (IMPT) makes it possible for everyone to contribute to a greener and more sustainable world. This is a great time to invest in the project. From IMPT’s current presale, approximately $13.5 million has been generated to date.

Related

Dash 2 Tadawul – High Potential Pre-Selling

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Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


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