Most of the cryptocurrencies are not sustainable and definitely not eco-friendly considering the amount of energy they consume. An estimated 91 terawatt-hours of electricity are consumed each year by Bitcoin mining. The mined Bitcoin is transferred in the Bitcoin Wallet.
That does not mean that all cryptocurrencies leave a large carbon footprint. Therefore, we have created a list of the Top 9 Most Sustainable Green Cryptocurrencies in the market.
1.Tron (TRX)
Tron or TRX coin is the next cryptocurrency on this list. Tron is a peer-to-peer platform and a public blockchain that enables users to share apps directly on its blockchain.
On this P2P network, the whole process of transferring apps consumes a very small amount of energy compared to most other currencies.
Tron is also among the best cryptocurrencies to trade on crypto exchanges.
You would know that TRC20 is one of the cheapest blockchains to transfer cryptocurrency from one account to another if you’ve ever used the Tron Blockchain.
2.IOTA
IOTA is the next coin on this list and I’m not sure if you’ve heard of it before because IOTA is not as profitable as other altcoins on the crypto exchanges due to its stability.
IOTA remains one of the most sustainable coins, however. IOTA uses a probabilistic consensus technology with a proof of work concept that makes it extremely efficient when it comes to consuming energy.
According to estimates, IOTA uses less energy than traditional credit cards, which is quite low.
3.EOS
Like our previous coin Tron, EOS or EOSIO is a public blockchain that enables developers to create their own applications in a variety of languages.
EOS is also one of the most profitable coins on crypto exchanges, although its price fluctuates quite a bit from time to time.
EOSIO is also a pre-mined coin that works on the proof of stake concept that is very popular on the market. This coin is considered highly sustainable and uses very little energy.
4.NANO
Nano is another cryptocurrency based on the proof of work concept that has been around for quite some time now.
Nano might not be the most popular cryptocurrency when it comes to trading, but when it comes to energy consumption, it’s one of the lightest.
Nano adopts a rather unique approach to blockchain technology and creates an account-chain for every user on the network, where those users can elect to have a representative who closely supervises transactions.
5.Stellar (XLM)
Stellar isn’t just one of the best coins to trade in the market, it is also backed by one of the most useful technologies that aims to introduce a more cost-efficient way to make payments.
Personally, I believe it is needed because companies charge a lot for payments involving international transactions.
Stellar aims to remain a non-profit organization, charging no fee for international or local transactions, which is quite impressive.
Transactions that are performed over the Stellar blockchain using “Lumens” are almost free and consume very little energy.
6.Ripple (XRP)
The Ripple coin, also known as XRP, has been one of the best on the market for quite some time.
Aside from that, Ripple offers users a great alternative to make transactions within seconds!
Including myself, a LOT of people believe that ripple will be successful in a few years.
Ripple’s RPCA algorithm makes it possible to conduct over 1500 transactions every second while consuming very little energy.
7.Cardano (ADA)
ADA is one of the biggest players in the crypto league and the best candidate. You must have heard of this coin or you might even be carrying it in your wallet.
In addition to being one of the top coins when it comes to trading, Cardano or ADA is also one of the most energy efficient projects, developed by none other than the co-founder of Ethereum. When it comes to making quick transactions, Cardano is MASSIVELY more efficient than both Ethereum and Bitcoin due to its “proof of stake” concept. It can make a thousand transactions per second.
8.BitGreen (BITG)
I don’t blame you if you haven’t heard of Bitgreen, because I didn’t know this one either.
However, BitGreen is one of THE most sustainable green coins ever when it comes to sustainability and efficiency.
It even says Green in its name. BitGreen, however, was named to emphasize the coin’s response to the negative impact Bitcoin has on the planet.
9.SolarCoin (SLR)
Solar Coin is the most sustainable green coin on the market! As the name suggests, this coin is based on the Solar Energy project.
The company behind this cryptocurrency is asking users to install more solar arrays to generate energy, and for every megawatt hour of energy that is generated by the solar array, a SolarCoin is created.
With solar technology becoming more popular than ever, this might even become the next big thing in the market. That is what makes this cryptocurrency the most sustainable on the market today.