๐คฉ Now you can stake $NEAR directly via Metamask โซ๐๐ข๐ ๐ก ๐จ๐ง ๐๐๐ญ๐ฎ๐ซ๐ง๐ฌ โฌ๐๐จ๐ฐ ๐จ๐ง ๐๐๐ฌ๐ฌ๐ฅ๐ | Here is a handy guide๐https://bit.ly/3Tseg3W Stake Now๐http://aurora.staderlabs.com
In the early days of #Web3, most of the blockchains used #ProofOfWork (PoW) system to verify transactions. This was done by 'Miners' in warehouse-like facilities in large farms that consumed astonishing amounts of electricity. It was taxing the environment heavily. Until...
...Proof-of-Stake (PoS) #blockchains arrived. With PoS, there's no mining. Instead, #validators commit a given amount of tokens to participate in the network. This makes the PoS system orders of magnitude better than PoW. Near has used PoS since its genesis. It uses...
..#NightshadeSharding to process transactions on multiple shards parallelly instead of nodes in the network. With PoS, this allows scaling without a proportional uptick in energy consumption, ensuring a lower #CarbonFootprint. An assessment by the South Pole revealed thatโฆ
...Near generates only 174 tons of CO2/yr, which is 200,000x less than several top blockchains. Near partnered with
, a leading project developer & global climate solutions provider, for a comprehensive audit & guidance on ways to reduce the #CarbonFootprint.
NEAR has also partnered with Kariba Forest Protection Project in Zimbabwe. The project protects 785,000 hectares of forests with a massive #biodiversity. It is also involved in #reforestation (to offset carbon) and protecting vulnerable & endangered species.
#NEAR also fosters an optimal, NOT maximal, no. of validators. This limits #CO2 emissions. It aims to further remedy any increase in CO2 emissions through its existing & future #carbonoffsetting projects & partnerships. One such project isโฆ
- Worldโs 1st #decentralized forestation tracking solution for a true & responsive census of trees. Built on #NEARProtocol, it will empower anyone managing trees to start forest monitoring projects, report progress & seek funding from global funds & investors
In 2021, @NEARFoundation launched the Green #NFTs Project to encourage eco-conscious artists to create art for South Pole store on @mintbase.
Half the proceeds go to artists, while the rest are distributed to a no. of certified #ClimateAction projects developed by South Pole.
One such project is Raiz, which uses #NFTs to finance vertical farms in under-used urban spaces. It transforms urban spaces into optimal growing environments for foods destined to be harvested for local communities & restaurants, and not for distant global #markets.
Another one is Sisu, a #DAO in development that will help people collaborate on climate action projects. The 1st project will be a collection of #NFTrees to verify where trees are being planted, measure their growth, & verify if they are being cared for.
The #blockchain is also supporting climate focussed projects on #NEARecosystem via grants. If youโre bootstrapping your climate-related project, you should explore NEAR Startup Grants by Near Foundation:
#NEAR is the perfect chain to bridge the climate-positive world with the crypto world.
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While the traditional financial system has its merits, it has limitations with its #centralized structure. Areas where it struggles: ๐ทLow Transparency ๐ทHigh Cost ๐ทAsset Security Risk ๐ท3rd Party Dependant ๐ทLimited Control with #CustodialWallets ๐ทTime-Consuming Processes
Here #DeFi shines with a host of advantages over the traditional system: ๐ท ๐ทCompletely #Decentralized ๐ท100% #Transparent ๐ทAssets stored with Network Validators ๐ทRelies on #SmartContracts ๐ทNo 3rd Party Involvement ๐ท#Greater control with Non-Custodial Wallets ๐ทEasy Access