Published
1 year ago on
July 05, 2022
The crypto market is criticised for using intense amounts of energy each year. The CCRI report found that Bitcoin (BTC) used the energy equivalent of 8.5 million U.S households in one year. It has a devastating impact on the Earth’s ecosystem, leaving a huge carbon footprint. This article will show you one blockchain platform and one meme token that protect the Earth's ecosystem and have low energy usage.
They are Avalanche (AVAX) and Big Eyes (BIG). They both have immense communities that drive the success of their tokens. Avalanche (AVAX) uses a Proof-of-Stake consensus mechanism to keep its energy levels down, and Big Eyes (BIG) is donating 5% of its tokens to ocean-saving charities.
Solving the Blockchain trilemma: Avalanche (AVAX)
Avalanche (AVAX) is a blockchain platform that aims to solve the blockchain trilemma; scalability, decentralisation, and security. Through the Proof-of-Stake mechanism, Avalanche can process transactions faster and increase the security on the platform through additional validators.
Energy usage is a common problem in crypto, being its biggest criticism. Platforms like Avalanche want to reduce their carbon footprint to ease these concerns. The energy consumption of Avalanche is 489,311 kWh and Proof-of-Work networks like Bitcoin (BTC) consume 89,780,000,000 kWh.
The Proof-of-Stake consensus mechanism brings not only benefits to the Earth, but the ecosystem of the platform as well, hence “Eco for Eco”. Faster transaction speeds, increased security, and scalability make networks like Avalanche, desirable to crypto enthusiasts.
Avalanche (AVAX) has a motto for its service, “Blazingly Fast, Low Cost, & Eco-Friendly”. It was founded so anyone could participate in the financial revolution driven by cryptocurrencies. It allows anyone to generate programs tailored to specific activities and digital assets.
The cat coin rivalling the big dogs: Big Eyes (BIG)
