Clean Cryptocurrency? Ethereum, Big Eyes, Avalanche: 3 Coins Spearheading a Green Revolution in Blockchain

It is no secret that mining, trading, and using cryptocurrencies is an energy-intensive affair. It has long dominated news headlines as well as social media discourse that decentralised finance projects, particularly those based on blockchain technology bring with them the drawback of harming the environment by their hungry use of electricity and the generation of E-Waste.

With the ever-present threat of climate change becoming a sad reality, it is becoming urgent that businesses of all kinds, including blockchain projects, put their energies to good use by making their offers less damaging to the worlds atmosphere and biomes.

In recent times, many cryptocurrency projects and platforms have made efforts to change their practices or improve technological solutions to deal less damage to the planet. Three of these cryptocurrencies have made the most intriguing progress in this field, and these are the currencies well discuss in the following article.

Ethereum (ETH), Big Eyes Coin (BIG), and Avalanche (AVAX) are leading the way in a revolutionary process, which if successful will transform the blockchain industry toward a greener, healthier tomorrow. Find out how by reading on.

 

First Principles: Energy Above All

Let us first set the scene for analysis. Cryptocurrencies, since the 2008 advent of Bitcoin (BTC), have required the use of energy to create, as well as to trade, either directly or through an exchange.

The first cryptocurrency, Bitcoin (BTC) laid the groundwork for later blockchain projects. The computing process used to create BTC is called Proof of Work. This procedure is very energy-intensive and has drawn criticism from environmentalists who claim this system conveys a heavy toll on the worlds electricity consumption.

Further to this issue, it is a fundamental fact that the more complex the action, the more energy it requires to complete. Consequently, as uses for blockchain currencies evolved, so too did the industrys thirst for power.

In a recent report commissioned by the White House, it was found that roughly one-third of global crypto-asset activity takes place in the United States of America. The electricity consumption of these finance operations varies between 0.9% and 1.7% of the countrys total usage. While this may appear a modest proportion, it is comparable to the drain affected by all residential lighting in the nation combined.

Blockchain currencies were not friendly to our environment and therefore required innovation and creativity to move to more sustainable models.

Enter three currencies available on the marketplace today that have made specific efforts to reduce their carbon footprint, energy draw, and net impact on the world around them.

We Three Kings: Noble Efforts to Improve

Three trailblazers are at the front of the column in the field of greening cryptocurrency. All have implemented technological adjustments, upgrades to their operating systems, or offered charitable donations to make their crypto projects more sustainable and cleaner as global business attempts to do the same.

The Ethereum (ETH) platform needs no introduction. Its small step forward in making its business model less damaging to the environment is the completion of its Ethereum Merge, sometimes referred to as the launch of Ethereum 2.0.

The merge referred to is that of the Ethereum (ETH) blockchains consensus layer with its execution layer. In laymans terms, one step has been removed from the computing ladder that makes Ethereum (ETH) possible.

This development has allowed ETH to move away from proof-of-work computing, still the Achilles heel of Bitcoin (BTC). Correspondingly, the total power consumption of this blockchain has been reduced by as much as 95% if the developers internal statistics are to be trusted.

There is some evidence that this claim is warranted – the hash rate of this token has dropped to zero and stayed there consistently since the merge. Higher hash rates indicate higher computational requirements, and therefore energy usage, so it would seem Ethereum has become much more energy efficient since its upgrading.

In a similar vein to the above efforts of the Ethereum (ETH) team, there exists a cryptocurrency that has built environmental awareness into its founding principles: Avalanche (AVAX).

Renowned for blisteringly fast transaction speeds, the most impressive environmental accolade of Avalanche (AVAX) is that its platform was built from scratch to use Proof-of-Stake computing logic rather than proof-of-work.

This foundational engineering solution has had a dramatic impact. According to research conducted by the Crypto Carbon Ratings Institute (CCRI), the Avalanche (AVAX) platform has significantly better carbon efficiency than many of its contemporaries.

Indeed, its data revealed that Avalanche (AVAX) uses only 0.0005% of the energy as lead competitor Bitcoin (BTC) does with its antiquated proof-of-work transaction model.

Avalanche (AVAX) and its team are to be commended for carefully choosing their modus operandi with climate justice as a core concern.

Lastly, the charitable contributions of meme coin Big Eyes Coin (BIG) set it apart from its fellows in the world of climate-conscious cryptocurrency.

In a deliberate move to look to the future of Planet Earth, the development team of Big Eyes committed to locking 5% of their currencys total token supply to a charity wallet. These tokens, no matter their worth, are reserved exclusively for donation to charities that preserve the sanctity of the Earths oceans and the menagerie of sealife that exist within them.

The coins whitepaper takes this noble goal a step further, referencing plans for ocean sanctuaries funded by charitable donations from Big Eyes.

What makes these charitable aspirations yet more impressive is that Big Eyes Coin (BIG) is a coin in its infancy: now in its presale stage, the coin has generated an impressive $8M in funding so far. It should be noted that charity has been a state goal of this team from its outset. Before profit was even guaranteed, the team behind Big Eyes committed to protecting the treasured seas of the planet we all share.

Closing Comments

While blockchain technology and the currencies it empowers to have a sordid history when it comes to impacting the environment, there are glimmers of hope on the horizon. The three currencies we examined above are setting a fine example for other crypto teams to follow in their footsteps.

Whether it be through genius innovation, hard work, clever implementation of newfound technologies, or by giving back to nature out of sheer goodwill, there are those among crypto enthusiasts who understand the vital importance of our world and the environment it provides. These groundbreaking players in the wider blockchain community are leading a green revolution in their sphere, and were lucky to count them among us.

If you want to support one of these greener currencies, theres never been a better time to snag some Big Eyes Coin (BIG). Big Eyes are offering bonus tokens when you use the code: BEYES063

 

Big Eyes Coin (BIG)

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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