A Pudgy Penguins NFT sold for 400 ETH on Monday, which is the largest sale in terms of ETH so far. The collection's base price has nearly tripled in the past month. In September 2021, when one ether was worth about $3,505, a rare penguin with a mirrored characteristic and a green background sold for 225 WETH. CoinUnited, an OpenSea user, made the greatest sale ever but lost $159,995 owing to a fluctuation in the price of ETH.
Blockchain has made headlines recently for using more energy than airlines or even entire countries. Different types of chains have different impacts on the environment based on how they're designed. The proof-of-stake (POS) model is significantly more energy-friendly than the traditional Proof of Work (POW) model. Blockchains operate differently than traditional IT systems. Different types of chains have different impacts on the environment based on how they're designed. Proof-of-work (POW) is what's behind traditional "mining," where miners compete to solve a mathematical puzzle. The Bitcoin Foundation has switched to a more energy-friendly model of proof-of-stake. Proof-of-stake (POS) requires those working on the chain to have skin in the game. POS also reduces power consumption and accelerates the handling of transactions. The model is being adopted by big names in the industry such as Bitcoin, & Ripple.
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