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Rank | Eco coin | Annual energy use in KWh |
1 | Cardano | 48,851 |
2 | Algorand | 70,237 |
3 | avalanche | 113,249 |
Four | flow | 180,000 |
Five | Tezos | 489,311 |
6 | Polka dot | 512,671 |
7 | Stellar rumen | 598,755 |
8 | Terra | 790,000 |
9 | phantom | 1,137,776 |
Ten | Solana | 3,186,000 |
Rank | Eco coin | Annual ton of Co2 |
1 | phantom | 7 |
2 | Terra | 20 |
3 | Stellar rumen | 37 37 |
Four | Polka dot | 50 |
Five | Tezos | 80 |
6 | Ripple | 300 |
7 | avalanche | 340 |
8 | Algorand | 360 |
9 | Cardano | 400 |
Ten | polygon | 700 700 |
Fantom is the top cryptocurrency with the lowest CO2 emissions, with an annual production of only 7 tonnes. Thanks to its ultra-fast transaction time and energy-efficient software, Fantom’s carbon emissions are negligible compared to the crypto giant Bitcoin’s 114 megatons a year.
Further findings are as follows:
Many investors consider cryptocurrencies as a good way to protect against soaring inflation when interest rates remain low. However, with the exponential growth of ethical investment, some cryptocurrencies are increasingly being scrutinized for the amount of energy they use to operate. With this in mind, here are some tips for reducing your cryptocurrency’s carbon emissions without sacrificing profits.
If you are willing to move away from more established energy-intensive cryptocurrencies like Bitcoin, investing in newer eco-friendly alternatives is an increasingly viable option. These small projects are often superior to Bitcoin in terms of growth. For example, Cardano’s growth rate is 184.9%, slightly higher than Ethereum’s 183.7% and more than 100% higher than Bitcoin, the most popular and carbon-intensive currency.
One way to reduce the impact on the environment is to invest in blockchain companies that focus on clean energy goals.Blockchain company implementFor example, invest in an energy efficiency project, tokenize the energy saved as the cryptocurrency WOZX, and distribute some of these tokens to investors.
You can also reduce carbon dioxide emissions by investing in cryptocurrencies that use the Proof of Stake Protocol. Proof of stake uses much less computing power than other protocols because it has fewer participants in the network. This means less energy and e-waste is used to validate the transaction.
You can also reduce carbon dioxide emissions by putting money in carbon offset tokens. Connecting carbon offsets to cryptocurrency tokens means that you can buy carbon credits from your company to fund your carbon recovery project. These offsets in cryptocurrencies can boost demand and prices, meaning more money for investors and carbon reduction initiatives.
Francis Bignel
