Six Environmental Friendly Cryptocurrencies
There are basically three reasons why most crypto currencies are not eco-friendly:
- The complex mining process that uses non-renewable energy like coal
- The mining processes that uses a lot of electricity
- Heavy computers that emits a lot of radiation which is catastrophic both to humans and animals.
Following are coins that are eco-friendly which people can invest in:
This is a global and independent sustainable cryptocurrency designed to promote the creation of solar energy by rewarding generators with solar coins.
This particular coin uses the “Tangle”, an alternative form of technology that does not require miners
Open representative voting protocol is used to reduce energy use and increase efficiency.
Ouroboros is used for this specific coin it is a proof of stake system, it requires users to purchase tokens in order to join the network, saving significant amounts of energy.
This cryptocurrency was an initiation as a alternative to bitcoin, it seeks to encourage positive environmental behavior by rewarding users for actions including drinking sustainable coffee, car-pooling and volunteering.
Instead of mining this coin uses the proof of space concept, you need hard drives for the farming process, unused space can be utilized for plotting, this approach makes it easier for home users to farm chia, because it doesn’t rely on such huge amounts of electricity as mined cryptocurrency.