// #10 NFTs Daily Inspiration
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As Cryptocurrencies are surging in popularity, the concern and discussion of the sustainability of these methods and energy-intensive cryptocurrencies is also on the rise. Read below to discover eco-friendly alternatives out there!
Eco-friendly alternatives striving for a green mining process and a green digital currency.
As Cryptocurrencies are surging in popularity, the concern and discussion of the sustainability of these methods and energy-intensive cryptocurrencies is also on the rise.
The most widely used cryptocurrencies Bitcoin and Ethereum (as of the day of writing), are both utilizing proof-of-work (PoW) mechanisms that consume enormous amounts of electricity and energy.
As more institutions and customers shift towards these digital currencies, the demand for energy and the electricity consumption will sharply rise.
Fortunately, there are several eco-friendly initiatives that may not have the attention of the masses at the moment, however, I believe this will change as the amount of energy consumed increases.
Below, you shall find a list of eco-friendly crypto coins or initiatives (listed with no specific order).
According to Cambridge Bitcoin Electricity Consumption Index (A tool that calculates the currency's energy use created by researchers at Cambridge University), the cryptocurrency's energy use has reached an equivalent to the annual carbon footprint of Argentina.
The blockchain technology is far from perfect and as we see it grow in popularity and demand, we, for sure, will face many challenges. However, it is encouraging to see that there are always firms and pioneering institutions that take a brave step towards a healthier and more sustainable future.
Interested to know the difference between proof-of-work and proof-of-stake ? Click here
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As the popularity of NFTs surges so does the concern and controversary regarding their energy consumption and their effects on…