Climate change is causing extreme weather conditions in some parts of the world, leading to frequent droughts in many parts which are having a devastating impact on life on our not so blue planet. Several climate organisations have come forward to crowdfund money, protest against the big corporations, and some even throw tomato soup at a Van Gogh painting in London’s National Gallery.
Although there are several reasons that are fuelling climate change, critics have constantly criticised cryptocurrencies as well. There’s no denying the fact that the mining process of cryptocurrencies causes carbon emissions harmful to the environment. Some have even gone forward and said that Bitcoin (BTC) is less of ‘digital cash’ but more of ‘digital beef’ for its negative environmental impacts.
However, many cryptocurrencies, old and new, have been adopting ways to decrease carbon emissions — some by changing the mining methods and some by donating a significant percentage towards climate preservation projects.
Here’s how Ethereum (ETH), Cardano (ADA) and Big Eyes Coin (BIG) are contributing towards a sustainable future.
Ethereum 2.0: Is The Grass Greener On This Side?
The recent Ethereum (ETH) overhaul is called Ethereum Merge where the developers have promised reduced energy use, faster transactions and lower gas fees. Since 90% of the DeFi and NFTs run on the Ethereum blockchain, it is positive news for the crypto community.
The shift from a proof-of-work (PoW) model to proof-of-stack (PoS) means that the creation of the native token ETH won’t require energy-intensive computer operations. In theory, this will result in a 99.95% reduction in energy consumption by the Ethereum network.
Ethereum started with a rough start, but being one of the old horses gives it the experience, courage and knowledge to make the right change.
Cardano: Leading The Pack On The Eco-friendly Crypto Road
Built by Ethereum co-founder Charles Hoskinson, Cardano (ADA) is more greener and energy efficient than other cryptocurrencies because it uses a proof of stake (PoS) mechanism.
Miners working on the proof of work (PoW) mechanism require massive computing power to solve complex puzzles. The heavy computers create e-waste which is not a friend of the natural ecosystem. Surprisingly, Bitcoin’s e-waste is the highest.
Hence, Cardano’s unique mechanism has two important benefits: less energy consumption and staking. This makes Cardano a green cryptocurrency that is new, relevant and sustainable.
Big Eyes Coin: Cute Cat Is On A Mission To Save The Ocean Life
When it comes to charity donations, not a lot of coins check the boxes. Big Eyes Coin (BIG), a new meme coin in the market, has raised over $8M so far in its presale. The meme token has selflessly pledged to donate 5% of its wallet profits to charities working for saving ocean life.
Here’s the back story: Big Eyes Coin’s mascot, the big-eyed cat, loves to eat sushi. The cat cannot go a day without eating its favourite dish, hence it is on a mission to raise money through its DeFi ecosystem and NFT club.
In stage 4 of the presale, Big Eyes Coin made its second donation. It is one of the few meme coins that cares for the natural ecosystem as much as it cares for its crypto ecosystem.
Climate is changing, but so are cryptocurrencies. Many crypto communities have accepted the negative impacts of the mining process.
Ethereum (ETH) is one of the few big crypto organisations that saw the problem and solved it. Cardano’s (ADA) sustainability aspect was no accident. It was built to tackle the climate emergency. Big Eyes Coin (BIG) is going big on donations to save the ocean before it’s too late.
Consider these coins because not only are they eco-friendly, but they have created major profits for the investors. While Big Eyes Coin’s presale success speaks for itself, it is the right time to look into this meme token that promises to be a one-stop shop for all crypto needs.
Use the code ‘BEYES729’ to get bonus coins on your purchase.
Click on the links below to be a part of the ‘Big’ community!
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.