How does Serenade leverage new technologies to minimize its ecological footprint?
Safeguarding the Environment is one of the four pillars in Serenade's Mission. Serenade produces NFTs using 1/10th of the energy required to post a tweet. This comes to 1/44,000th of the carbon footprint of a normal NFT, a result of our 'Proof of Stake' authentication method that is far more efficient than a direct-to-Ethereum 'Proof of Work' approach.
Artists and fans can work and live on Serenade knowing their environmental impact is minimized through utilising these technologies.
How does 'Proof of Stake' work?
'Proof of Stake' reduces both barriers to entry and hardware requirements to creating new energy mining block, as well as far better energy efficiency than 'Proof of Work'.
Instead of being in a competition for energy usage, 'miners' simply stake their own crypto-currency. The blockchain we use can facilitate over 7,000 transactions per second compared to Ethereum's 15 per second, meaning that the energy required for validation is spread out amongst many orders of magnitude more NFTs.
For more information on what makes operating on Polygon eco-friendly, please read the following article published by Polygon themselves: