When it was first revealed that Tesla had bought $1.5 billion in Bitcoin, investors, analysts, and money managers at some of the country’s largest banks warned that the business was putting itself at risk. Others pointed out that it could damage the company’s credibility.
Owing to environmental issues, the e-car maker stopped accepting Bitcoin payments, bringing the price of the flagship coin tank down to just $45,700 before seeing a relief bounce. Bitcoin transactions are expected to use about 700 kilowatt-hours, or KWh, per transaction, according to TRG data centers.
Other cryptocurrencies, Musk hinted, are on the agenda. Those would almost certainly be those who use “Proof of Stake” consensus mechanisms, which networks such as Ethereum have pledged to adopt due to their energy efficiency.
Of course, XRP is far from the only “green” cryptocurrency. Elrond is “the answer,” according to Elrond Network CEO Beniamin Mincu: Sustainable cryptocurrencies include Stellar, Algorand, Cardano, IOTA, and Nano. Because of its Scrypt mining algorithm, Dogecoin, the meme coin that Tesla is currently considering, is also more energy-efficient than Bitcoin.
Tesla can choose Ripple (XRP) in the short term (depending on the outcome of the SEC lawsuit), as all XRP tokens were pre-mined and XRP transactions consume only 0.0079 KWh of energy, according to TRG data centers.
Ripple CEO Brad Garlinghouse and other top executives have been outspoken about XRP’s environmental credentials. Garlinghouse said in a recent interview that the token was 10,000 times more energy-efficient than Bitcoin.
Tesla CEO Elon Musk has just handed “the best ad campaign” to the Ripple-affiliated XRP cryptocurrency, according to attorney John Deaton.
Meanwhile, Chris Larsen, a co-founder of Ripple, has proposed that the leading cryptocurrency should abandon the power-hungry proof-of-work consensus system in order to maintain its dominance. Ripple also entered the Crypto Climate Accord last month, which aims to decarbonize all blockchains.
Bitcoin 
Ethereum 
XRP 
Tether 
BNB 
Solana 
USDC 
Dogecoin 
Lido Staked Ether 
TRON 
Cardano 
Wrapped stETH 
Chainlink 
Wrapped Beacon ETH 
Wrapped Bitcoin 
Hyperliquid 
Ethena USDe 
Avalanche 
Sui 
Figure Heloc 
Stellar 
Bitcoin Cash 
Wrapped eETH 
WETH 
Hedera 
LEO Token 
Litecoin 
USDS 
Cronos 
Toncoin 
Shiba Inu 
Coinbase Wrapped BTC 
Binance Bridged USDT (BNB Smart Chain) 
Polkadot 
WhiteBIT Coin 
World Liberty Financial 
Ethena Staked USDe 
Uniswap 
Mantle 
Monero 
Dai 
Ethena 
Aave 
Pepe 
MemeCore 
OKB 
NEAR Protocol 
Bitget Token 
Jito Staked SOL 
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