The promise of NFTs: Why they require so much energy

NFTs use so much energy due to the trillions upon trillions of small puzzles that must be solved in order to do anything with them. Many of the main NFT networks, including Ethereum, use a method called proof of work to create, sell and purchase NFTs.

Proof of work requires the use of electricity to complete many complex mathematical equations inside computers. This is done to ensure that no single person can dominate the system and make it more likely that they solve the problem. If someone’s…


more energy news

Send Us A Message