Cryptocurrency is widely believed to be the future of finance, with the decentralized nature of coins such as Bitcoin and Ethereum presenting significant security benefits. The investment opportunity also has the potential to be highly lucrative, but there is a massive obstacle in the way – eco-friendliness.
The vast majority of existing cryptocurrencies are mined through GPU processing power, a process that requires vast amounts of energy. With crypto farms worldwide using thousands upon thousands of energy-guzzling computer rigs, this presents a serious problem – cryptocurrency is currently unsustainable for the environment.
However, there is good news – green cryptocurrencies are beginning to arrive, presenting environmentally friendly solutions for the innovative finance structure. So, what exactly is a green cryptocurrency? How do they work, and which are the best ones? Let's take a look.