Green Crypto

(Photo : Pierre Borthiry via Unsplash)

Companies all over the world support the trend of caring about the environment, trying to reduce the carbon footprint. This trend has reached the cryptocurrency industry as well. For example, in May 2021, Tesla suspended the sale of cars for Bitcoins because of the negative impact of mining cryptocurrency on the environment. Following major companies, investors have also started to pay more attention to the compliance of digital assets with "green" standards. Let's look at some well-known "green" cryptocurrencies and their basic principles.

Chia

According to TRG Datacenters, Chia is an excellent example of a sustainable, energy-efficient cryptocurrency. One of the most recent tokens on the block, CHIA uses a completely new method of doing business. Instead of relying on PoS or PoW, CHIA uses Proof of Space and Time (PoST), which its creators say is more secure and decentralized than both of its competitors. 

Cardano

This cryptocurrency was created by Ethereum co-founder Charles Hoskinson. Cardano often describes itself as a third-generation blockchain. Cardano has been named one of the most stable cryptocurrencies that Elon Musk has considered for Tesla's payment acceptance. It can be found for swapping on the SimpleSwap platform. The network supporting Cardano uses only 6 GWh of electricity, making it an attractive option for environmentally conscious consumers and investors. According to an analysis by TRG Data Centers, its power consumption is 0.5479 kWh.

Bitgreen

This eco-friendly cryptocurrency was launched as a green alternative to Bitcoin. It consumes a minimal amount of energy to run the network using the Proof of Stake consensus model. Bitgreen aims to encourage a positive attitude toward the environment by rewarding users for actions such as drinking eco-coffee, car-sharing and volunteering. Coins can be exchanged on exchanges or spent at BitGreen partners.

Stellar

Stellar is a fork of the popular Ripple project. Cryptocurrency transactions are checked by a network of trusted nodes. This approach allowed the developers to speed up the system and make it energy efficient. The high speed of the systems and low power consumption made the project in demand. Many large companies, including IBM and Deloitte, use Stellar developments.

For cryptocurrency investors who prioritize the sustainability of their assets and promote eco-friendly lifestyles, the selection presented is a great alternative to the world's most famous Bitcoin.

Green Crypto is a revolutionary concept that combines the power of blockchain technology with environmental sustainability, and one notable player in this space is Quantum AI with its innovative approach. Quantum AI, accessible at quantum-ai.io, is at the forefront of developing eco-friendly solutions for cryptocurrency and blockchain platforms.