There have been lots of talks going around on Bitcoin’s incredible environmental impact in recent months. While there are some claims being made to minimize the carbon footprint of the cryptocurrency, some people who are interested in cryptocurrency are yet to find which cryptocurrency is good or which one is bad. Well, there are almost 4,500 mineable coins and tokens present in the market and the question is, how many of them are sustainable cryptocurrencies?
There is nothing to worry about because we made a list for you. A list of top sustainable cryptocurrencies that help you to grow well in the crypto market. These coins are so good and they kept moving upward yes there will be some downfalls too because it is the nature of the crypto market but overall they are good coins to invest in.
Charles Hoskinson the co-founder of Ethereum intoduced Cardano and it was examined by academics and scientists as the world’s first peer-reviewed blockchain. It programs mainly as a digital currency but digital contracts can also executed by using it, DApps, and other purposes. Compared to Bitcoin’s 7 transactions a second, Cardano can achieve 1000 per second. Which is exceptionally well.
Cardano is undoubtedly more energy efficient than Bitcoin as it uses a ‘Proof of Stake’ consensus mechanism where those involving in the currency buy tokens to join the network. This allow us to save a huge amount of energy, with the founder of Cardano claiming that the cryptocurrency network consumes only 6 GWh of power.
The Stellar network was developed in 2014 with the target of minimise the gap between traditional financial institutions and digital currencies. Stellar doesn’t charge institutions or individuals for using the network and is increasingly seen as a genuine replacement to PayPal as it enables faster, easier, and more cost-effective cross-asset and cross-border transactions.
Stellar is controlled by the Stellar Development Foundation, a non-profit organization. It got its start with funding from Stripe (the payments startup), along with donations from BlackRock, Google, and FastForward. Tax-deductible public donations fund the network’s operating costs and the hard market cap for Lumens and removal of an inflation standard demonstrates that the SDF is looking to maintain a network that enables easy, accessible, low-cost cross-border payments rather than to make a quick buck with massive gains in the price of Lumen.
By the help of Stellar network, you can convert US Dollars, Bitcoin, Pesos, Yen, and pretty much any currency traditional or crypto. The network’s token, Lumens, are used to facilitate these trades on the blockchain-based distributed ledger at a fraction of a cent and with great efficiency. The network also allows individuals and institutions to create tokens for use on the network, which has inspired some to use the network for sustainability initiatives such as investing in renewable energy.
Stellar’s token, Lumens (XLM), can be bought and sold on most exchanges, including Binance, Coinbase, Kraken, Bittrex, Bitfinex, Upbit and Huobi.
SolarCoin is global, decentralized, and independent of any government. You can spend and trade SolarCoin just like other cryptocurrencies, but the key difference is that the platform aims to incentivize real-world environmental activity: verifiably produced solar energy.
SolarCoin has a novel approach to cryptocurrency, creating 1 Solarcoin for every Megawatt hour generated from solar technology. Currently, this network mostly relies on users uploading documentation to prove energy generation, but the Internet of Things may one day streamline this process with automatic updates from solar arrays.
Consider SolarCoin as a helpful way to more quickly offset the cost of installing a solar array!
Power Ledger (POWR)
POWR also known as Power Lwdger is an Ethereum token that established in 2016/17 it enhanced the Powerledger platform. It was introduced on Coinbase in November 2021, with the token’s price growth sharply although there was a market-wide crash and prices of every other cryptocurrency faced dwindle at that time.
POWR is needed to take part in the Powerledger network and allow us to secure its various products, including energy trading, clean energy tracking, and verification.
Apart from this, Powerledger is one of the few blockchains/cryptocurrencies that has a female co-founder. Doctor Jemma Green is the Executive Chairman and co-founder and leads a team that includes several other women.
The Powerledger platform facilitates peer-to-peer energy trading and is effectively an operating system that tracks the trading of energy, flexibility services, and environmental commodities. More simply, renewable energy sources like wind and solar are somewhat uncertain, with variable output minute to minute, day today. A centralized power grid is increasingly problematic when energy inputs and outputs are inconsistent. Power ledger offers a distributed, decentralized network that helps producers track, trace, and trade energy in real-time, making for more stable, resilient energy grids.
If you are looking for free, fast, and uses considerably less energy than Bitcoin and many other cryptocurrencies then NANO is the best coin for you. It has been around since the end of 2015 and has a relatively small carbon footprint even now. It is also scalable and lightweight as it doesn’t rely on mining.
Nano uses block lattice technology, which is energy efficient. It is still reliant on a Proof of Work mechanism, but the block lattice goes beyond blockchain to create an account-chain for each user on the network. The Nano platform uses a system called Open Representative Voting (ORV), where account holders vote for their chosen representative, who then work to securely confirm blocks of transactions.
EOSIO is a public blockchain beloved by developers because it is simple to set up and write applications in several programming languages, is highly scalable, and costs nothing.
EOSIO is another ‘Proof of Stake’ platform that uses pre-mined EOS tokens that can be traded on standard cryptocurrency exchanges such as Coinbase, Binance, and Kraken.
Based in Singapore, TRON is a non-profit organization and public blockchain supporting almost every programming language. The peer-to-peer platform allows creators to share applications directly on the blockchain, making the whole process more energy efficient.
How it works
TRON operates using decentralized governance based on a two-tier model of Super Representatives (SR) and Super Representative Partners, with every account able to become an SR and able to vote for SRs.