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Top 5 Most Green Cryptocurrencies

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Top 5 Most Green Cryptocurrencies


Over the last few years, cryptocurrency has seen an exponential growth rate. This growth has brought increased pressure to the environment. And if the industry doesn’t start making some profound changes, it could have disastrous consequences.

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CRYPTOCURRENCIES’ IMPACT ON THE ENVIRONMENT

Cryptocurrencies have undoubtedly brought wealth and opportunities that greatly impact the global economy. Bitcoin alone is valued at over $300 billion. Combined cryptocurrencies are worth more than $900 billion.

You may be curious about the impact of digital currency on the environment. To produce cryptocurrency, there are no factories or physical mines. It all has to do the way that cryptocurrencies are mined.

Cryptocurrencies are created through a process called “mining.” This process uses Proof of Work (PoW) algorithms, which require computers to solve complex math problems to validate transactions and add new blocks to the blockchain. Miners are paid a certain amount of cryptocurrency in return. 

This process is very energy-intensive. Bitcoin mining can consume 150 terawatt hours.



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