One of the biggest concerns in the crypto scene is no longer about profitability, but instead sustainability, and cryptocurrencies are increasingly looking for different ways they can reduce their environmental impact.
DogeMiyagi (MIYAGI), Solana (SOL), and Cardano (ADA) are three currencies that have taken their carbon footprint into serious consideration and therefore are a part of the new wave of crypto that embraces this green approach.
DogeMiyagi: The Eco-Friendly Option
DogeMiyagi (MIYAGI) is a new crypto coin that is being developed on the Ethereum (ETH) blockchain, which despite being it is in its presale stage, has been garnering a lot of attention from the crypto community. The ETH blockchain recently transitioned from the Proof of Work consensus mechanism pioneered by crypto giant Bitcoin (BTC) to a more environmentally friendly approach, Proof of Stake, which uses far less energy than the previous system: to Ethereums own estimates, by 99.998%.
By choosing ETH to build its platform on, MIYAGI is showing that it is taking into account the demands of the market to move away from destructive mining systems in crypto, and by moving with the times in this way MIYAGI has proven from the offset that it is a coin for the future, that will show great longevity in the market.
Solana: Saving The Rainforests
Solana (SOL) is dedicated to building a platform that is carbon neutral and focused on the climate, and has adopted several different initiatives to address their effect on the planet. By using a real-time energy emissions tracking system, SOL are holding themselves, and other cryptocurrencies, accountable for their environmental impact, and this alongside their other initiatives shows that SOL is determined to make their pledges to the planet more than just empty words.
Alongside many other initiatives, GainForest is a decentralised fund that uses artificial intelligence to measure and maintain the world’s forests and nature conservation areas. SOL rewards users for their engagement in environmentally friendly endeavours, while securing the future of some of the planet’s most precious resources.
Cardano: Creating a Sustainable Currency
Cardano (ADA) is also a cryptocurrency that has joined the fight for a greener future, by ensuring that it uses an energy-efficient Proof of Stake consensus mechanism.
Alongside this, Cardano has also created a Sustainability Model, to plan for the direction that the currency will take in the future to ensure that it remains environmentally friendly. With three key pillars, ADA’s Sustainability Model focuses on energy efficiency, renewable energy, and governance, which allows for more exciting developments to be made on the platform to ensure that the system runs as efficiently as possible while causing the least possible damage.
Not only is environmental sustainability important for this coin, however. By using the Proof of Stake systems they are able to process transactions at a faster rate, meaning that ADA has the ability to outrun and outgrow the old systems used by Bitcoin (BTC).
As the planet continues to suffer from thoughtless choices made by traditional corporations, crypto can act as a beacon of hope to change the narrative around finance and the environment. With the crypto community’s continued support of new eco-friendly technologies, currencies like DogeMiyagi (MIYAGI), Solana (SOL), and Cardano (ADA) will lead the way into an environmentally sustainable future, where the planet will continue to benefit from them.
DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
Sponsored
WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.
Credit: Source link