On Tuesday, the crypto market saw some of its steepest declines in some time.
There’s a tremendous amount of negative momentum in the crypto market right now.
In the crypto world, the amount of energy used on a given network can be tremendous.
What this means is that rather than mining tokens in the traditional sense, as with Bitcoin , Algorand allows users to stake their holdings to verify transactions.
According to the company website, it’s estimated that the energy necessary to run a node in the Algorand network is almost negligible.
It then locks an equivalent amount of carbon credits as an ASA in a green treasure, thereby allowing ALGO to operate with a carbon-negative ledger.
As capital flows in and out of the crypto world, investors stand to be impacted by the volatility these capital shifts provide.
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