It is no secret that ever since the advent of cryptocurrency in recent years, many around the globe have been protesting against it on environmental grounds. Activists and the public alike have voiced their criticism against the industry and blockchain projects for the high amount of energy it uses up. The boom of NFTs has also been met with equal opposition from Twitter users when the social media platform decided to integrate NFTs into their app.
Crypto To Soon Be A Vehicle Of Greener Changes
But the good news is that the best minds of crypto are seriously considering the detrimental effects and looking for greener eco-friendly solutions. Evidence is surfacing where various crypto firms are employing methods that decrease the aftermath left by crypto activities. Clean energy is being provided to crypto mining and is especially utilized by the crypto giant Bitcoin. Research has shown that more than half the energy they consume is clean. And this trend is only growing in recent times.
Experts say that blockchain tech is actually capable of assisting the people around the world trying to wage a war against the production of harmful gases into the atmosphere. Governments around the world use faulty systems to track and measure humanity’s production of elements like the infamous carbon. This is where the superiority of blockchain tech comes in with respect to its accurate traceability and increased protection.
What Lies Ahead?
Experts agree that whole blockchain tech may not be solely or particularly helpful in addressing environmental problems. But when used as part of an amalgamation with the world’s finest tech for data collection, it could become a dark horse in the battle for the earth. There have even emerged some crypto companies who willingly take up ecological measures to make up for their crypto activities. Better yet, you can use cryptocurrencies as a means of supporting charities involved in safeguarding the environment. All these prove that the anti-climate allegations against crypto are not entirely backed with accurate data.