Can Cryptocurrency Ever Be Environmentally Friendly?

Climate change is rapidly affecting public health, especially in places that already experience extreme weather or have poor access to healthcare. The switch to renewable energy sources is inevitable if we want to save our planet, but where does that leave cryptocurrency like Bitcoin? What Bitcoin’s Defenders Say (and Why it’s Important) The question of how to responsibly use Bitcoin goes beyond using credit cards to fund crypto purchases; it involves how we use the currency itself. We used to think that fossil fuels only impacted the earth if there was a spill. In reality, our daily use of fossil … Continue reading

Will Ethereum Flip Bitcoin?

Ethereum and bitcoin have been at the forefront of the other 20,000 plus cryptocurrencies available in the global market today, thanks to their massive global adoption. They are the first two cryptocurrencies to be formed; however, it isn’t the sole explanation behind this. The two major cryptocurrencies have been around for more than ten years and are still holding onto their market supremacy with no signs of slowing down. The question of the Ethereum price prediction — of whether Ethereum will outperform the most valuable crypto asset, Bitcoin, has, however, generated a lot of debate among cryptocurrency investors. It is … Continue reading

The Environmental Impact Of Web3

Assessing the environmental impact of a broad ecosystem is not simple. When trying to measure the carbon footprint of the internet, one has to consider all the layers that are part of this system. Web3, like the traditional web, has layers, so the only way to analyze its sustainability is by segments. The motivation for the evaluation of web3 is obvious: if web3 represents an evolution of web2, it must also be more sustainable. In this article we will first define what web3.0 is and what its layers are. Then we will assess what its environmental impact is and if … Continue reading

Can Bitcoin Go Green One Day?

Many people who love to live off-grid or practice being self sufficient love the premise of cryptocurrency. It is perfectly aligned with the ethos of those who wish to unplug from the mainstream and do things their own way. Since cryptocurrency is decentralized and has no governing authority it seems like it should be a perfect fit for these types of people. Unfortunately there is one glaring area which makes bitcoin and other cryptocurrency an anathema to those off-grid lifestylers. The mining of cryptocurrency is a huge user of energy which relies mainly on fossil fuels. In fact, the output … Continue reading