The 7 Most Environmentally Friendly Cryptocurrencies

One of the biggest problems that cryptocurrencies have faced over the past few years is the incredible amount of power crypto mining uses. Therefore, there are many companies and tokens that are taking steps not just to lower their carbon footprint but to eliminate it entirely.

Nowadays there are dozens of tokens that use systems and processes to ensure the mining, processing, and transacting of the coins is done in a way that has as little impact on the environment as possible.

What Makes a Cryptocurrency Sustainable?

The first major aspect of a sustainable coin is the use of the proof-of-stake concept. The biggest positive of using the proof-of-stake framework is that it doesn’t require users to have highly specialised equipment, and it also uses 99% less energy than other frameworks. Many people who buy Litecoin and other proof-of-work coins are hoping this change becomes more common.

There are also coins that offer environmentally friendly rewards to encourage people not only to buy the coin but also to engage in more sustainable activities to earn more coins.

Another sustainability solution is the creation of coins that don’t require any specialised equipment or excessive power supplies to mine, such as selling pre-mined tokens or tokens that only require the processing power of a standard PC to mine.

The following are seven examples of environmentally friendly cryptocurrency.

SolarCoin

SolarCoin is just like any other token; you can buy and sell it on most exchanges for fiat currencies or other cryptos, but it has one very clever benefit that will not only make users money but also help the environment: SolarCoin can connect to solar panels, and for each megawatt hour of power generated, users will earn one SolarCoin. While the process of proving power generation is still a bit basic, it is improving and being streamlined more and more all the time.

ADA

ADA is one of the most popular cryptocurrencies around at the moment, and with good reason, as the environmentally friendly coin uses proof-of-stake protocols that drastically reduce power consumption.

Cardano (ADA) is similar to Ethereum in many ways but does away with a lot of the bloat that Ethereum tends to suffer with.

IOTA

While IOTA has proven to be a very popular token and one that doesn’t have the same volatility and unpredictability as other tokens, it also doesn’t have the same explosive potential as competitors such as Bitcoin and Ethereum.

However, IOTA uses a combination of Fast Probabilistic Consensus for consensus and only part of the proof-of-work model, which means the coin is very environmentally friendly and only uses a fraction of the power that a full proof-of-work system would need.

TRON

TRON is a non-profit, public blockchain organisation in Singapore that supports almost every programming language. It enables creators to use the peer-to-peer platform to create and share applications that can be transferred directly onto the blockchain.

The TRON token, TRX, is pre-mined, and is available to buy and sell on almost every exchange, with the company having big plans for creating a decentralised gaming platform.

Holochain

Holochain is an open-source platform for peer-to-peer applications which uses HoloTokens. The coins are pre-mined, which means there is no need for any mining equipment or excessive energy consumption.

Users simply have to install the hApp on their device, which will enable them to receive tokens in exchange for the blockchain using their system.

Chia

Created by the founder of BitTorrent, Bram Cohen, Chia differs from other tokens in how it’s mined. Instead of using a computer or range of processors, users mine Chia on the Amazon Web Services Cloud.

Instead of using proof-of-work, Chia uses a proof-of-space-time method. This entails letting users use extra hard drive space to store data used by the network and blockchain. Once again, there is no need for specialised equipment as most modern-day computers have enough power for this process.

C+Charge

The goal of C+Charge is to get users away from using fossil fuels and reward them for using electric vehicles. This is done by offering electric vehicle owners carbon credits, which can be used by the owners to offset their carbon footprint.

One permit is equal to almost one ton of CO2, meaning users will be doing more good than harm simply by combining their electric vehicle with C+Charge.

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