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3 Environmentally Friendly Alternatives to Bitcoin

TheMotleyFool 
0 0 14.12.21
3 Environmentally Friendly Alternatives to Bitcoin:
 

Bitcoin (CRYPTO: BTC) has exploded in popularity, especially in the last couple of years. This has been a breakout year, and the cryptocurrency now trades at around $47,000. Many big investors have begun allocating money to the cryptocurrency, including The Motley Fool.

However, investors have expressed concerns about the cryptocurrency's impact on the environment, and for good reason. According to the University of Cambridge in England, Bitcoin mining consumes more energy than Google, Apple, Facebook parent Meta Platforms, and Microsoft combined. Before looking at green alternatives to Bitcoin, let's dive more into Bitcoin's energy consumption.

Bitcoin uses a decentralized ledger system. That means there is no central agency to record and validate transactions made in Bitcoin. Instead, the transactions are validated by miners, who verify transactions that are bundled into a block. Essentially, computers must solve a problem to mine Bitcoin, which also validates transactions on the ledger.  

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Source Fool.com

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