The most common way to generate crypto is by mining. But it uses too much electricity, which is harming the environment. And many experts predict that fossil fuel-based electricity won’t sustain us long. So, it’s the perfect time to move to eco-friendly cryptocurrencies, and some of the most popular ones are:
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Green Cryptocurrency
It is a good example of green cryptocurrency. That is because this crypto uses less energy comparatively than the mining process for other crypto takes. Now, the most beneficial thing about this crypto is that it uses the proof of space approach, and it relies on computer processors. However, it is also easy to firm. You just have to download the software, and when done, your computer of yours will do the hard work and plotting for you. Since it is extremely energy efficient because it doesn’t consume too much electricity as other mining crypto does.
IOTA
I think this crypto has a good future. That is because it doesn’t need miners to generate this cryptocurrency. In the meantime, this crypto doesn’t need high electricity at all, which makes it a good digital currency. Besides, you won’t need heavy machinery to generate this crypto as well. It can solve the electricity consumption problem for cryptos, which is a big issue since fossil fuels won’t sustain us for long.
Cardano
It is a very popular cryptocurrency that is considered the best eco-friendly cryptocurrency. That is because this asset uses the proof-of-stake technology that is called Ouroboros. Here, you only have to buy tokens to join the network, and it will save a huge amount of energy. Now, Cardano only uses 0.5479 kWh of electricity. At the same, it can perform 1,000 transactions per second, which is number seven if you compare that with Bitcoin. It is developed by the Co-founder of Ethereum, Charles Hoskinson. Its Ouroboros is the first ever peer-reviewed blockchain-based protocol. And it doesn’t compromise energy and security at all.
SolarCoin
It is a global and independent currency that can be used as a cryptocurrency. Now, it is global and independent because people from any part of the world can use this currency, and no government controls this currency. Now, this coin was created to reward the generators of solar energy. However, every generator of SolarCoin will get a coin for every megawatt of solar energy that they will generate. It’s a great way to promote solar energy, and if people invest in this one, we will soon have a greener and more sustainable energy option that we need.
Bitgreen
It is also a sustainable digital currency similar to SolarCoin. But this currency was created so that they could reward those who have positive and good social behaviour. For example, those who will drink sustainable coffee, help others by carpooling, and people who will volunteer will get this coin as a reward. However, they will be able to exchange them on the crypto market. Or they can use the platforms that are partnered with Bitgreen.