Cryptocurrencies are often criticized for not being eco-friendly enough, Bitcoin was criticized by Elon Musk for this same reason too.
Many people, like Elon, see Bitcoin and other proof-of-work (PoW) cryptocurrencies as energy-intensive projects that are extremely bad for the environment.
According to a report made by Colombia.edu
, Bitcoin alone consumes 150 terawatt-hours every year, which is more than Argentina consumes with 45 million people. Many developers and crypto entrepreneurs try to push changes in the Bitcoin system and codes in order to address this energy consumption issue.
However, most people remain skeptical. They don't believe Bitcoin can ever become eco-friendly as long as it utilizes proof-of-work as its consensus algorithm.
Despite all the criticisms against Bitcoin's sustainability, it's not fair to put the blame on the entire crypto industry. There are a lot of alternative cryptocurrencies out there with minimal carbon footprints
So, what are these alternatives?
We have compiled a list of the most eco-friendly cryptocurrencies with the largest potential in 2022.