5 Most Eco Friendly Crypto Coins of 2022

People don’t like cryptocurrency because it uses a lot of energy and leaves a big carbon footprint. Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH), which control most of the market, are the worst offenders because they each use as much power as a small or medium-sized country.

If you are into Bitcoin investments, it is important to know about Bitcoin’s Future.

Still, not every cryptocurrency uses a lot of power. Even though many digital currencies, especially the first ones, require a lot of computing power, they are better for the environment. The original proof-of-work model was changed to the faster proof-of-stake model so that transactions could be checked.

1. Algorand

Algorand is one of the few cryptocurrencies that cares as much about the environment as it does (CRYPTO:ALGO). On Earth Day in 2022, it was said that the blockchain has a negative carbon footprint. People were told by turning black about 20 billboards in Times Square.

One thing you can use instead of Ethereum is Algorand. It is a place where smart contracts can be run on the blockchain. Because it uses proof-of-stake to verify transactions, it already had a very small carbon footprint when it came out.

2. Solana

Solana (CRYPTO:SOL), a proof-of-stake blockchain that could also run smart contracts, was one of the best cryptocurrencies to invest in in 2021. Not only did it give back more than 11,000%, but it also stopped making carbon for a year.

People know that Solana works fast and well at what it does. Reports say that it can handle up to 65,000 transactions at once and often handles more than 2,000 transactions per second. On average, each transaction costs $0.00025 in fees.

Solana uses a method called “proof-of-stake,” which is also used by a lot of other green cryptocurrencies. On the other hand, it combines this with something it made up on its own called “proof of history.” This keeps track of the order in which transactions happened and how long it took between each one. Because it uses a hybrid protocol, Solana can reach very fast processing speeds.

3. Cardano

Cardano is very scalable because of the proof-of-stake method, even though it uses about as much energy each year as 600 US households. Even though the project started in 2015, smart contracts weren’t available until September 2021. The next big step will be to grow the ecosystem that it supports.

Cardano is one of the few cryptocurrencies that cares as much about the environment as it does. On Earth Day in 2022, it was said that the blockchain has a negative carbon footprint. People were told by turning black about 20 billboards in Times Square.

One thing you can use instead of Ethereum is Cardano. It is a place where smart contracts can be run on the blockchain. Because it uses proof-of-stake to verify transactions, it already had a very small carbon footprint when it came out.

4. XRP

Ripple’s biggest problem is that since the end of 2020, it has been in court with the SEC. Ripple is having legal problems right now, so some of the best places to buy and sell cryptocurrencies don’t even sell XRP. But people who like XRP hope that its value will go up once the legal battle is over.

5. Nano

Nano (CRYPTO:XNO) wants to create a digital currency system that will last and doesn’t charge fees to send money. The whole point of the company is to make its tech cheaper and easier to use.

Nano is different from other cryptocurrencies because it doesn’t have a chain that keeps track of every transaction. Instead, Nano accounts are set up as a network of blocks that are all connected to each other. Everyone is responsible for their own account and how it works. Since each transaction doesn’t take a lot of power to process, regular personal computers could do the job.

The Nano is fast and good for the environment because it is small and light. It hasn’t done as well as the other cryptocurrencies on our list, which is a worry but also a sign that Nano still has room to grow.

Today, you can buy hundreds of good-for-the-environment cryptocurrencies on the market. Most cryptocurrencies that don’t use the “proof-of-work” system will use a lot less energy than those that do.

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