There’s a lot of talk about the environmental impact of NFTs lately. Let’s take a closer look at what that means.

What is PoW (Proof of Work)

A PoW model is what Bitcoin, Ethereum, and many other cryptocurrencies use to verify transactions. The ultra, extra, super-duper, simplified version is this: transactions are grouped into blocks (BLOCKchain… get it? ha.). Each individual transaction in the block needs to be independently verified. To do so, computers all over the…

Nikki Yeager

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store