Aren’t Digital Collectibles Bad For the Environment & Is xHaven Doing Anything About This?

All blockchains require energy to process transactions, and maintain records of these, with the energy consumed varying, dependent upon the consensus mechanism used.

Proof of Work (PoW) as a consensus mechanism, for example as used by Bitcoin, has a high rate of energy consumption.

One of the reasons xHaven is built on Flare is due to the energy efficacy of the Flare Consensus Protocol (FCP) utilised by Flare, vastly reducing the environmental impact of digital collectibles on the environment.

Unfortunately, there will always be an environmental impact where there is energy consumption.

Additionally, prior to the xHaven Marketplace being live, we made a conscious effort to be carbon neutral and have a positive impact on the world to both environmental and wildlife causes.

xHaven continues to uphold these values and fulfil our mission, with the xHaven community, in making the world a better place, one NFT at a time.

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