CEX.IO Power Tap is a Telegram mining bot. The project was launched on June 24, 2021. This project can earn you a cryptocurrency coin called $CEXP. Currently, the CEX.IO platform has around 5 M+ users. The CEX.IO Daily Video Quiz Solve task is one of the features that will help you earn an extra 10,000 $CEXP Token for free from this CEX.IO project. Below is today’s CEX IO Daily Video Quiz answer solution.
CEX IO Video Quiz Answer
Quiz 1 Title: Isn’t crypto bad for the planet?” (It depends – here’s the real story).
- How do many newer coins reduce energy usage?
🔴By using proof of stake - Which major coin is known for using more energy?
🔴Bitcoin - Why are credit card networks considered energy-heavy?
🔴They rely on many layers of third parties - What types of renewable energy are mentioned?
🔴Hydro, wind, solar - What does the video say about traditional banking systems?
🔴 They also consume a lot of energy - What percentage of Bitcoin mining now runs on renewable energy?
🔴More than half - How much power does proof of stake use compared to proof of work?
🔴 Much less – even less than a Netflix binge - What should you say when someone claims crypto is bad for the planet?
🔴 Some of it was. A lot of it isn’t. And we’re improving. - What kind of system does Bitcoin use?
🔴Proof of work - What was one of the early criticisms of crypto?
🔴 It used as much energy as a small country
Note: more answer we update soon..
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