Bitcoin (BTC) has been a leading force in the crypto revolution, capturing the attention of investors seeking 10x returns. But, it has rightfully faced criticism due to its massive environmental impact.
As climate change becomes a more urgent issue, a new wave of coins are emerging as eco-friendly alternatives that keep up with global demands. Cardano (ADA) and DogeMiyagi ($MIYAGI) are two key players, leading the crypto industry to a more sustainable future.
Will Bitcoin Get Left Behind as Crypto Goes Green?
Bitcoin, the pioneering cryptocurrency, has become a powerful tool for decentralisation and financial freedom. However, its major downfall is its carbon footprint and contribution to greenhouse gases. Bitcoin’s carbon footprint comes from its energy intensive mining process.
It uses a proof-of-work consensus which requires miners to solve complex maths problems to mine new Bitcoin blocks. This process relies on powerful computers to solve the equations which use large amounts of energy. Additionally, the infrastructure needed for mining, including cooling systems and specialised gear, contributes to the waste of technological resources.
Some Bitcoin enthusiasts argue that Bitcoin’s mining process is gradually becoming more energy efficient, but the mining model uses more energy than entire nations like the Netherlands and Argentina combined. This emphasises the demand for environmentally friendly options, and while Bitcoin has led the crypto market, it is in risk of being left behind as investors seek eco-friendly alternatives.
Cardano: Leading the Sustainable Crypto Movement
Known as a leader in the sustainable crypto movement, Cardano aims to provide a secure, sustainable infrastructure with a focus on interoperability. It has even been dubbed “the green blockchain” for its commitment to sustainable practices. Unlike Bitcoin, Cardano employs a proof-of-stake consensus mechanism, minimizing energy consumption and avoiding greenhouse gas emissions.
Users need to purchase tokens to join the network, granting them the right to validate transactions and earn more coins. Cardano’s node software can also be run on low-cost devices, making it more accessible. Cardano’s dedication to sustainability has garnered significant investor attention, positioning it as the 7th highest-ranked coin by market cap. Its eco-friendly approach aligns with the growing demand for cryptocurrencies that prioritise environmental responsibility.
DogeMiyagi: Meme Coin Meets Sustainability
As a new coin in the market, DogeMiyagi recognises the flaws of other cryptocurrencies and is committed to distancing itself from destructive mining techniques. Powered by the Ethereum network, DogeMiyagi uses a proof-of-stake consensus, consuming less energy and producing fewer emissions. Ethereum’s energy consumption is estimated to have dropped by 99.98% since moving to a proof-of-stake consensus, which DogeMiyagi takes full advantage of, showing its potential for longevity in the market.
DogeMiyagi is also committed to community, offering users a full decentralised coin. The power is in the hands of its community, and the DAO ensures a collective approach to decision-making. Users will also benefit from rewards, giveaways and NFTs as the project grows.
As environmental concerns become increasingly urgent, the crypto industry is evolving to keep up with the demands of the world around it. Bitcoin’s mining process continues to produce tonnes of energy each year, but investors are now turning to eco-friendly cryptos like DogeMiyagi and Cardano. These coins embody the future of crypto, driven by sustainability and the potential for long-term success.
For more about DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi