According to new data, Meme Token Dogecoin (DOGE) is one of the fastest cryptocurrencies to reduce your carbon footprint.
according to the new report According to forex data aggregator Forexsuggest, Dogecoin will reduce its carbon footprint by 25% in 2022, making it the third fastest digital asset to reduce its carbon footprint.
“Dogecoin has reduced its annual CO2 emissions by 25%. Through 2021, the cryptocurrency emitted 1,423 tons of emissions. This has now been reduced to 1,063 tons in 2022.”
The report reveals a recent heightened awareness of the environmental impact of trading crypto assets, with the electric car giant taking a stance on Bitcoin (BTC) after investing in it. It highlights the high-profile case of Tesla CEO Elon Musk, who announced that he had converted his We no longer accept BTC for payments.
The report also notes that Ethereum (ETH)’s move from a proof-of-work consensus mechanism to a proof-of-stake system has reduced its environmental impact, making it the second most polluting cryptocurrency in 2021. We also found that it dropped to 6th place in 2022 from a high cipher.
“In 2021, [ETH] It produced 21.95 million tons of CO2. This has now been reduced to just 8,824 tons. By doing this, we only need to plant 44,121 trees to offset Ethereum’s annual emissions. Compared to the previous year he had 19,751,315 giant trees. ”
While DOGE was found to be rapidly reducing its pollution level, other prominent crypto assets such as King Crypto Bitcoin, layer 2 scaling solution Polygon (MATIC) and smart contract platform Cardano (ADA) is going in the opposite direction and increasing. their carbon footprint.
Ethereum and BTC’s hard fork, Bitcoin Cash (BCH), are the only two digital assets that have surpassed Dogecoin in terms of how quickly they are reducing their environmental impact.
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