Best Green Cryptocurrency 2022

Many international companies are trying to maintain the ecology of the environment. In particular, the business aims to reduce carbon emissions into the atmosphere. This trend has also affected the cryptocurrency industry. For example, in May 2021, the electric car manufacturer Tesla suspended the sale of cars for bitcoin due to the negative impact of cryptocurrency mining on the environment.

Following large companies, investors also began to pay more attention to the compliance of digital coins with “green” standards.

We decided to find out which coins are the least harmful to the environment and compiled a list of the most environmentally friendly cryptocurrencies.

How to determine the environmental friendliness of a cryptocurrency?

The safety of digital coins for the environment depends on the algorithm.

From a technical point of view, all digital assets are divided into two types:

  1. Proof-of-work.
  2. Proof-of-stake.

Proof-of-work (PoW) is designed to solve complex mathematical problems using the technical equipment of the miner. Miners are rewarded in the form of cryptocurrency for adding each verified block (information about completed transactions) to the general chain, which is called the blockchain. This process is complex and requires significant computing power. The more powerful the miner’s equipment, the more he can make a profit.

Mining is the extraction of cryptocurrency with the help of special equipment. The essence of mining is to add blocks (newly completed transactions) to the blockchain.

Miners are people who do this work and get rewarded for it.

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