Although the history of cryptocurrencies has been marked with well-justified criticisms of the high energy consumption in the Bitcoin mining process, it is necessary to understand where we are now and what path is being built for the future.
First, you need to understand that there are different cryptocurrencies on the market, with different mining models and consequently environmental impact.
In search of a solution with the lowest environmental impact, the INDIGENA.ART project adopted the Ethereum currency to carry out the sale of its NFTs.
Recently the Ethereum currency changed its mining model with a new update called “Merge” (Merging), reducing energy consumption by 99%.
This change solves the carbon footprint problem and further demonstrates huge potential for cryptocurrencies to become a more efficient and green payment solution compared to traditional banking systems.