Sustainability is a crucial topic in today’s world. Our planet faces many dangers from the actions of humans. We face a climate crisis, and blockchain technology has historically made it worse with excessive energy consumption. However, some cryptocurrencies have adopted different methods of achieving consensus, allowing their blockchains and platforms to use less energy.
Solana (SOL) and Algorand (ALGO) are two blockchains that have adopted a different consensus, allowing them to limit their energy consumption and improve sustainability. Big Eyes Coin (BIG) builds on the Ethereum (ETH) blockchain, which recently switched to a Proof-of-Stake (PoS) consensus, reducing its carbon footprint by 99.95%. Let’s find out how these cryptocurrencies remain sustainable.
Since its inception, Big Eyes Coin has expressed a keen interest in ocean conservation. The platform has dedicated 5% of its tokens to a charity wallet, specifically for ocean sanctuaries. Additionally, Big Eyes Coin has made several significant contributions to charitable organisations thus far, including a $2000 donation to the Orca Network.
As mentioned above, Big Eyes Coin builds on the Ethereum network. By doing this, Big Eyes Coin has increased its sustainability. PoS platforms use significantly less energy than Proof-of-Work (PoW) platforms while processing transactions faster. This allows Big Eyes Coin to remain sustainable while improving its speed.
Big Eyes Coin will also host an NFT collection in its ecosystem. The Big Eyes Coin team predicts that the collection will reach the top ten projects, making it an extremely desirable collection to hold if Big Eyes adheres to this goal.
Find out more about Big Eyes Coin in the video below!
What Is Solana Doing To Achieve Sustainability?
Solana is undoubtedly one of the most well-known blockchains in the crypto space. The crypto giant has provided a platform that facilitates growth for the DeFi ecosystem while remaining sustainable due to its combined PoS and Proof-of-History (PoH) consensus.
PoW platforms are notorious for their energy consumption, with Solana using just 2,707 J per transaction in March 2022 and Bitcoin (BTC) using 5,005,764,000 J per transaction. These stats show how beneficial it is to the environment for crypto platforms to utilise a different consensus to PoW.
Although Solana was subject to volatile market conditions like the rest of the crypto market, the blockchain giant seems to be recovering. Solana’s market capitalisation has increased by 2.21% in twenty-four hours at the time of writing.
One of the most significant events in sports history is upon us. The FIFA World Cup is an event watched by billions of people, and those who sponsor the event receive increased traction on their platforms. This year, Algorand is one of the official sponsors of the event, introducing the platform to billions of potential users.
So, what makes the Algorand blockchain sustainable? Like Solana, Algorand has deviated from the outdated PoW consensus mechanism for the energy-efficient Pure PoS consensus algorithm, allowing Algorand to remain carbon-negative. Because of this, Algorand is viewed as one of the most eco-friendly blockchains in the crypto space.
News of Algorand’s World Cup sponsor could have sparked its value increase. The sustainable platform has increased its market capitalisation by 9.22% in the past twenty-four hours at the time of writing. With the World Cup scheduled to start on the 20th of November, it could prove wise to purchase the token.
Solana and Algorand have shown the rest of the crypto market the benefits of a sustainable blockchain. Both platforms have reduced their carbon footprint while improving their service for their users. Big Eyes Coin looks to follow in their footsteps, creating a sustainable ecosystem that facilitates growth for the DeFi ecosystem.
Additionally, those who purchase BIG tokens during the presale can obtain a 5% bonus with their order if they use the ‘BIGPRIZE22’ code at the checkout!
For more information on Big Eyes Coin (BIG), please visit the following links:
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