As the world becomes increasingly digital, it’s only natural that our currency would follow suit. Cryptocurrencies offer several advantages over fiat currencies, and they will only become more prevalent in the coming years. When selecting a cryptocurrency to invest in, it’s important to consider its sustainability.
Techniques such as crypto alerting can help you track specific sustainable cryptocurrencies, so you don’t miss out on any major opportunities. There are many sustainable cryptocurrencies in the market, but only a few have the potential to survive in the long term.
What is a sustainable cryptocurrency?
Sustainable cryptocurrency is a digital, or virtual currency that is designed to be resistant to manipulation and fraud. The primary objective of sustainable cryptocurrencies is to provide a secure, decentralized, and scalable way to store and transfer value.
These green cryptocurrencies have powerful communities, active developers, and real-world use cases. They are not schemes that will only work for a short time; they are built to last.
Here is a list of 6 sustainable cryptocurrencies worth investing in for the long term.
SolarCoin
SolarCoin is a decentralized cryptocurrency that encourages solar energy production. It’s global and independent of any government and promotes sustainability through economic incentives. There is also no limit to the amount of SolarCoins that can be earned.
SolarCoin is backed by a physical asset, solar energy. For every MWh of solar energy produced, they award SolarCoins to the producer. It’s one of the longest-running and most successful green cryptocurrency projects and is backed by over $50 million in solar energy assets.
In the future, SolarCoin could be used to offset energy costs, or even as a currency to buy and sell solar energy.
IOTA
IOTA is a sustainable cryptocurrency focused on the Internet of Things (IoT). IOTA’s tangle technology is an innovative new way to decentralize the IoT. It’s more scalable and efficient than blockchain, making it ideal for use in IoT.
IOTA is working on other sustainability projects, such as electric vehicle charging stations and data collection for air quality monitoring. It also has partnerships with some of the largest companies in the world, such as Microsoft, Samsung, and Volkswagen.
Chia
Chia is a green cryptocurrency that is trying to replace Bitcoin. It uses a Proof of Space and Time consensus mechanism that is more environmentally friendly and energy-efficient than Bitcoin’s Proof of Work consensus algorithm.
Chia also has several other features that make it a more sustainable cryptocurrency, such as its use of hard drives for storage (rather than ASICs or intensive mining rigs). The Chia Network also plans to introduce smart contracts, making it a more versatile platform.
The coin is still in its early stages but has great potential. In the future, Chia could become the leading cryptocurrency if it can solve Bitcoin’s scalability issues.
Nano
Nano is a digital currency that prioritizes simplicity and scalability. It has zero fees and can handle high transaction volumes. Nano uses a unique block-lattice structure, making it more efficient than other blockchain-based cryptocurrencies.
The feature that makes Nano sustainable is its energy efficiency. Nano is stored and transferred with very little energy, making it ideal for use in developing countries where energy is scarce. Nano can also possibly be used for micro-payments, or even as a currency for the IoT.
Cardano
Cardano is one of the few cryptocurrencies that is built on scientific philosophy. It’s constantly being improved through peer-reviewed research. Cardano is trying to solve some of the most pressing issues in the crypto world, such as scalability and security.
Cardano also has a unique consensus algorithm called Ouroboros that is more environmentally friendly than other Proof of Work or Proof of Stake algorithms. Cardano is one of the few sustainable cryptocurrencies that have a real chance of becoming a global currency.
Bitgreen
Bitgreen is a new cryptocurrency focused on being an eco-friendly and energy-efficient alternative to Bitcoin. It uses a Proof of Stake consensus algorithm that doesn’t require energy-intensive mining. It also has a low emission rate, making it one of the most environmentally friendly cryptocurrencies.
The commitment to carbon neutrality is one of the things that makes Bitgreen a sustainable cryptocurrency. The team has pledged to plant a tree for every transaction made on the network to help fight climate change.
Final Thoughts
Sustainable cryptocurrencies are a great way to invest in the planet’s future. They can help support projects that are working on innovative solutions to solve some of the most pressing problems in the world.
The significance of sustainability is becoming more apparent to a greater number of people every day. As a result, more individuals are seeking environmentally friendly cryptocurrencies. These are only a few of the many sustainable projects that exist. With time, more sustainable cryptocurrencies are sure to emerge.
