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It can be difficult to comprehend how the digital world affects the physical world. Buying and trading crypto may seem like an inconsequential action, but it has a big impact on the earth.
Fairplanet.org reports that each Bitcoin transaction uses 2100 kWh which is roughly what an average household consumes in 75 days. When this energy is supplied from non-renewable energy sources, cryptocurrencies release tons of greenhouse gasses.
If crypto is the currency of the future, there have to be more sustainable, energy-efficient options. Some cryptocurrencies are already ahead of the game. Coins like Cardano, IOTA, Chia, Solarcoin, and Bitgreen offer more eco-friendly options for crypto trading.
How can crypto become more eco-friendly? There are many ways to cut fossil fuel emissions and excessive energy use in crypto. Usually, it comes down to the mining process. Green cryptocurrencies like Chia and IOTA reduce emissions by creating alternative ways to mine coins, or by cutting the mining process entirely.
Solarcoin and Bitgreen take a different approach to green crypto by rewarding a sustainable lifestyle. Solarcoin will reward you with one coin for every megawatt-hour of solar technology created. Bitgreen rewards users for almost any sustainable activity including volunteering, carpooling or drinking sustainable coffee.
New environmentally conscious crypto initiatives are being created all of the time. Jumping onto sustainable cryptocurrencies early could set you ahead while reducing your carbon footprint.