Here Are the Top Eco-friendly Crypto Networks of 2022 Here Are the Top Eco-friendly Crypto Networks of 2022
Back when Bitcoin made its debut and other cryptocurrency assets followed suit, the globe was surprised to see the advent of financial technology. However, this excitement dropped after the power consumption of cryptocurrency mining surfaced. With time, miners found new ways to make the process more sustainable. This, however, did not settle well with many. Nevertheless, the crypto-verse is home to a plethora of assets that do not consume too much energy. Here’s a list of crypto networks that do not cause increased carbon emissions and are eco-friendly. Ethereum [ETH] Ethereum took a significant step towards going green last September when it switched from a proof-of-work [PoW] to a proof-of-stake [PoS] mechanism. Unlike PoW, PoS algorithms rely on users staking their tokens as collateral to validate transactions rather than using such energy-intensive methods. This can drastically lower energy consumption rates and lessen the carbon footprint of the network. Following ...