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What is something that gets a lot of hate for absolutely no reason?
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It gets hate because usually when blockchain is mentioned it is followed by a really dumb idea.
Quick question: isnt blockchain also very harsh on the environment bc of ever-elongating sequences to calculate?
There are a few different types of blockchain, differing by how they stop you just making up your own alternative chain and saying that is the real history:
So there are alternatives to environmental impact, but there is currently no perfect crypto. Stack that on top of the number of scammers out there riding the crypto buzz, and it is certainly not that hard to see the reasons behind the hate.
No. No more than, say, Lemmy. It's just a cryptographically verifiable audit log.
This is not aimed at you; you asked a reasonable question. The height of ignorant hypocracy is people complaining about environmental impact (which is resource use) while using streaming movies, music, and online video games. Watching a Youtube video rant about the evils of Bitcoin uses more resources than syncing a day's backlog of the Bitcoin blockchain. Most popular web sites these days are so packed with Javascript, they compete with shitcoin blockchain resource use.
Sounds like you're thinking of proof of work cryptocurrencies. They use blockchains, but are not blockchains themselves. The blockchains part is trivially cheap to compute.