Most cryptocurrencies are not sustainable and certainly not environmentally friendly given the amount of energy they consume. It is estimated that 91 terawatt hours of electricity are consumed annually by Bitcoin mining. The mined Bitcoin is transferred to the Bitcoin Wallet.
This does not mean that all cryptocurrencies leave a large carbon footprint. Therefore, we have created a list of the 9 most sustainable green cryptocurrencies in the market.
Tron coin or TRX is the next cryptocurrency on this list. Tron is a peer-to-peer platform and public blockchain that allows users to share applications directly on its blockchain.
On this P2P network, the whole application transfer process consumes a very small amount of energy compared to most other currencies.
Tron is also among the best cryptocurrencies to trade on crypto exchanges.
You would know that TRC20 is one of the cheapest blockchains to transfer cryptocurrency from one account to another if you have ever used the Tron Blockchain.
IOTA is the next coin on this list and I don’t know if you have heard of it before because IOTA is not as profitable as other altcoins on crypto exchanges due to its stability.
IOTA remains one of the most durable coins, however. IOTA uses probabilistic consensus technology with a proof-of-work concept which makes it extremely energy efficient.
According to estimates, IOTA consumes less energy than traditional credit cards, which is quite low.
Like our previous coin Tron, EOS or EOSIO is a public blockchain that allows developers to build their own apps in a variety of languages.
EOS is also one of the most profitable coins on crypto exchanges, although its price fluctuates a bit from time to time.
EOSIO is also a pre-mined coin that works on the very popular proof-of-stake concept in the market. This piece is considered highly durable and uses very little energy.
Nano is another cryptocurrency based on the concept of proof of work that has been around for quite some time.
Nano may not be the most popular cryptocurrency when it comes to trading, but when it comes to power consumption, it’s one of the lightest.
Nano takes a rather unique approach to blockchain technology and creates a chain of accounts for each network user, where those users can choose to have a representative who closely oversees transactions.
5. Stellar (XLM)
Stellar is not only one of the best coins to trade in the market, it is also backed by one of the most useful technologies that aims to introduce a more cost effective way to make payments.
Personally, I think it’s necessary because companies charge a lot for payments involving international transactions.
Stellar aims to remain a non-profit organization, charging no fees for international or local transactions, which is quite impressive.
Transactions made on the Stellar blockchain using “Lumens” are almost free and consume very little power.
6. Ripple (XRP)
The Ripple coin, also known as XRP, has been one of the best on the market for quite some time.
On top of that, Ripple offers users a great alternative to transact in seconds!
Including myself, MANY people believe that ripple will be successful in a few years.
Ripple’s RPCA algorithm makes it possible to perform more than 1500 transactions every second while consuming very little energy.
7. Gimbal (ADA)
ADA is one of the biggest players in the crypto league and the top contender. You must have heard of this coin or maybe you even carry it in your wallet.
Apart from being one of the best coins when it comes to trading, Cardano or ADA is also one of the most energy efficient projects, developed by none other than the co-founder of Ethereum. When it comes to making fast transactions, Cardano is MASSIVELY more efficient than Ethereum and Bitcoin due to its “proof of stake” concept. It can perform a thousand transactions per second.
I don’t blame you if you haven’t heard of Bitgreen, because I didn’t know about this one either.
However, BitGreen is one of the most enduring green coins of all time when it comes to durability and efficiency.
It even says Green in his name. BitGreen, however, was named to highlight the coin’s response to Bitcoin’s negative impact on the planet.
Solar Coin is the most sustainable green coin on the market! As the name suggests, this piece is based on the Solar Energy project.
The company behind this cryptocurrency asks users to install more solar panels to generate energy, and for every megawatt-hour of energy generated by the solar panel, a SolarCoin is created.
With solar technology becoming more popular than ever, it might even become the next big thing on the market. This is what makes this cryptocurrency the most durable in the market today.
#Sustainable #Green #Cryptocurrencies
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