- Algorand made an announcement that it will take over Times Square to exhibit its dedication to sustainability and climate-first technology.
- It will overshadow Times Square on Earth Day when the celebration will start all across the world. In the US, it will be on April 21 8-9 P.M.
- As of this writing, Algorand’s indigenous token ALGO was standing at the value of $0.7562 within previous 24 hours.
Times Square To Blaze Green
Blockchain transforming business design of all kinds, Algorand, declared that it is going to take over New York Times Square for showcasing its commitment towards sustainability and climate first tech. It will demonstrate that future can be developed utilizing energy-efficient, modern tech.
At top of the hour, Times Square billboards will blaze green, motivating folks to unplug and celebrate Mother Earth, and pledge to developing a greener future. For remainder of the hour, billboards will go black — a step which once conserves energy and brings epic moment of silence and calm to among the busiest hubs globally.
Going Dark To Go Green
Darkeing the New York Times Square for an hour will saves around 6,500 Kilowatt of power. This is the kind of energy that can accomplish 350 Million transactions on-chain or couple of work weeks worth of network liveness. In contrast, it would power up to 6 finalized transactions on BTC network operating for just 1.5 seconds.
Sustainability has remained at the heart of Algorand since its inception. As the globe’s initial pure proof of stake blockchain, Algorand was modeled from ground up to least influence the environment.
Because of its 100% proof of stake algorithm needs minimal computational energy or electricity, Algorand remains a leader in lowering environmental influence of blockchain tech. In contrast to Bitcoin blockchain, virtual asset creation and transactions on Algorand result in 120 million times lower carbon emissions.
Previous year, Algorand solidified its pledge to sustainability by collaborating with ClimateTrade to become globe’s initial carbon negative blockchain.
ClimateTrade is a leader in carbon emissions traceability and transparency which is utilizing solutions based on blockchain to better the efficiency of sustainability attempts for top tiered organizations globally.
Source: https://www.thecoinrepublic.com/2022/04/21/green-advocacy-algorand-to-overshadow-ny-times-square-on-earth-day/