Cryptocurrency and Sustainability: Most Carbon-efficient Coins in 2022?

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Cryptocurrency is shifting towards the mainstream, as increasing numbers of people are compelled to invest in an economic future managed by blockchain. Carbon usage has been a hot topic for cryptocurrencies since the start of 2021. Research shows that Bitcoin’s energy consumption is directly linked to its usage; as the value of Bitcoin increases, so does its carbon footprint. 

Leading cryptocurrency exchange comparison site Cryptowisser recently published a first-of-its-kind article, compiling a list of all major coins to show their crypto carbon footprint. After reading the list, we felt inspired to explore some of the most carbon-efficient coins in 2022.

Bitcoin is often used as the industry example, but it certainly doesn’t represent the wider cryptocurrency market, as the vast majority of coins are built on Proof-of-Stake (PoS) protocols, opposed to Bitcoin’s Proof-of-Work (PoW). While a lot of attention is directed towards PoW protocols as being the main issue for crypto’s carbon footprint, in reality, it’s down to the lack of clean energy being used globally. 

Cryptocurrency alone cannot solve the planet’s energy crisis. Having said that, since cryptocurrency’s carbon emissions were brought to public attention, there has been a reaction from the community, investing and developing projects that look to mitigate blockchain’s carbon footprint. 

Seen as the digital silver of the crypto market, Ethereum has spent years assuring the community that it’s going green. But, according to the latest crypto carbon footprint reports, it’s still not much better than Bitcoin. The long-standing plan to replace Ethereum’s PoW model