There have been a lot of questions regarding the ethics of cryptocurrency, but 2021 seems to have to change the world’s view of cryptocurrency. As per Digiconomist, the energy consumed by Bitcoin is similar to that of energy consumed by small countries, including the Netherlands, the Philippines, or any such country. Many economists tend to use cryptocurrency to change the climate. Certain companies charge tax for every transaction and these can be used for charity purposes selected by the user.
How is the cryptocurrency saving environment?
Cryptocurrency tends to solve a variety of crises by supporting widespread issues. The issues that are taken into consideration by cryptocurrency involve healthcare, environmental protection, and creating equality in terms of skin color.
Facilitating healthcare protection:
In 2021, healthcare has become the topic of major charitable giving on the part of cryptocurrency. In the times of COVID-19, people have learned a lesson and several crypto tokens are on the work to help communities who have suffered because of COVID-19.
Solving climate crisis:
Bitcoin can be used to fight against the issue of climate change as certain environmental activists are using it. Multiple cryptocurrencies are using different technologies to raise funds for an environmental issue.
Dealing with racism:
After the incident of George Floyd, people were outraged and involved Bitcoin. The banners of many people mentioned that Bitcoin is going to save them.
It has been claimed that cryptocurrency is ethical and it holds a good reputation in everyone’s eyes. Further, in 2022 cryptocurrency will work out for other causes as well.