The best green cryptocurrencies to buy and save the planet

Despite all of its growth in recent years, the crypto market has also had a huge environmental impact. Extracting cash from most blockchain networks is very energy intensive, and as such, the major blockchains around the world have often been associated with massive carbon footprints. Here are some shocking statistics.

• According to the Bitcoin Electricity Consumption Index, extracting cash on the Bitcoin chain uses more energy per year than in Sweden.

• It is also believed that most mining activity takes place in China, a country with heavily charred energy systems.

• There is growing pressure for blockchains to start thinking about a greener, more energy efficient future.

Despite this, there are a few coins that are not only environmentally sustainable, but also offer enough benefits for an investor to make decent returns. Here are a few:

IOTA (MIOTA)

IOTA (MIOTA) is a distributed digital ledger that is actually not based on the blockchain system. Instead, the platform uses what’s called a Tangle, a proprietary technology system that validates transactions much the same way a blockchain would.

Data source: Tradingview.com

IOTA, therefore, does not require minors and only needs smaller devices to function effectively. This makes it less energy intensive. MIOTA, the platform’s native token was trading at $ 1.2 at time of publication.

Green Bitcoin (BITG)

Green Bitcoin (BITG) is a community-driven blockchain initiative designed to address some of Bitcoin’s environmental impacts. The goal is to find a better alternative to the energy-intensive proof of work consensus on the Bitcoin chain.

The project was founded in 2017 with the hope of inspiring Bitcoin miners across the world to go greener. BITG, its native token was trading at $ 0.04787 at the time of publication. The coin also has a very small market cap of around $ 550,000. There is still potential here, especially now that calls for greener crypto grow stronger.

The publication The Best Green Cryptocurrencies to Buy and Save the Planet appeared first on Coin Journal.