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Cryptocurrencies and NFT’s: The fashion that pollutes more than a country and has no regulations

Cryptocurrencies and NFT's: The fashion that pollutes more than a country and has no regulations

In recent years the fashion of cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, among others, have been increasing. At the same time, NFT (Non-Fungible Tokens) have gained some fame, however, to create each of them use high amounts of energy that generate the same levels of pollution as countries like Switzerland or Argentina.

Being a new technological trend no clear regulations on the subject, and those that exist are focused on the financial system and its transactions, not on the CO2 they generate through their energy consumption.

Why do they cause so much pollution?

To understand this, it is necessary to know everything about how cryptocurrencies or NFT’s are generated, an example is enough: If a person leaves the electronic devices in his house turned on every day, such as the computer, the television, the blender and more, the receipt to pay at the end of the month will be highly expensive because it used a lot of energy.

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The same happens with cryptocurrencies and NTF’s, because for each of them it is necessary to put to work computer farms (24 hours a day) that pollute the same as a countrywhich can cause a strong impact on the environment.