What is your favorite “eco-friendly” coin and why should someone invest in it as an alt?

Share:

Back in spring and summer one big talking point was the climate impact of mining Bitcoin (among others). This was the conversation that got me started in crypto.

I want to hear what your favorite green coin is and why you think it’s worth a look. I’m including a list of some below, but I’m sure there are more. And I’m sure some are better in this regard than others.

ALGO – Uses PoS and claims to be a carbon neutral network

BURST – Honestly have never heard of this until today. It uses proof of capacity for mining and supposedly only uses the power consumed equivalent to your computer idling.

NANO – Uses block lattice technology to remain energy efficient while still relying on PoW.

MINA – A newer coin intending to use zk-SNARKS and maintain a lightweight blockchain. This one seems intriguing.

XLM – Uses a consensus protocol which has a shorter authentication cycle…thereby using less energy.

Others that appear in lists of green coins from time to time: MetaHash, XRP, Chia, Iota.

I’d love to hear about others and see what people think about those on this list.

submitted by /u/ThePurpleDuckling
[link] [comments]