5 Sustainable Blockchain Players To Pay Attention to in 2022

There are many blockchain players to keep an eye on this year, including Algorand. However, there are five, in particular, to really pay attention to. If you do, you’ll notice that sustainability is a common theme across some industry players.

1. Cardano

In regards to market cap, this is among the top five overall crypto projects. At the time of writing, it has one of the largest blockchains to actually utilize a proof-of-stake consensus mechanism with success. In fact, the energy usage Cardano goes through is likely just 0.01% compared to Bitcoin.

environmentally friendly blockchain players

The market has a lot of appreciation for Cardano deploying social projects and environmentally-conscious operations. One example is the Cardano Forest run by the non-profit Cardano Foundation, as it has planted over a million trees. Cardano hopes to be an overall carbon-negative network.

2. Concordium

This Swiss blockchain is both proof-of-stake and eco-friendly. It employs distinct ID layers at a protocol level. This combination of privacy features and compliance makes the ID layer a crucial connection between the virtual blockchain world and the compliance with regulations that traditional businesses have to cater to.

A non-profit foundation supports it. It also has a science team internally researching sharding principles, consensus, and ZK proofs. This blockchain network is a simple one, but it also has cross-chain interoperability.

3. Energy Web Chain SolarCoin

This is a rather novel approach in regard to cryptocurrency. A SolarCoin is created for each Megawatt hour that is generated using solar technology.

The idea behind this blockchain is to reward those who produce solar energy. Solar plant owners have to submit third-party-verified certificates of their energy generation in order to claim their rewards.

4. Solana

Of all the digital currency in the current market, Solana might be growing faster than anyone. In fact, its support for smart contracts might make it a primary competitor to even Ethereum. This network is proof-of-stake. That means that Solana security is not reliant upon using energy. Estimates suggest that a Solana transaction uses less energy than a pair of Google searches. It might even be 20 times less energy than you use charging your phone.

The Solana Foundation is aiming for carbon neutrality in the very near future by partnering with Watershed for refrigerant destruction. This project aims to fund the permanent destruction of HFC and CFC refrigerants. Both greenhouse gases are more than 10,000 times as powerful as CO2. They’re doing this to offset the carbon footprint of the blockchain in the future.
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5. Stellar

This decentralized protocol using open-source code has an inbuilt exchange to transfer digital currencies to actual fiat money. This can happen domestically or even over international borders. Their cryptocurrency is named the lumen. This blockchain forked off of Ripple and started in 2014 hoping to bridge the gap separating digital currencies and traditional financial institutions. Since this blockchain doesn’t rely on mining, its carbon footprint is lower than others.

Bottom Line

Many detractors or opponents of cryptocurrencies usually feature the same arguments, including lack of consumer protections, financial instability, and susceptibility to volatility. The amount of power used and the negative impact on the environment that mining and transactions take are other arguments, but these five players are doing what they can to change that.

5 Ways European Citizens Can Help the Environment

European residents must do their part to protect the environment, just like all other global citizens. Climate change is real, and thousands of scientists continue sounding the alarm that we need to change our ways. Future generations may have to deal with all kinds of shortages if we can’t figure out methods to reduce our wasteful tendencies.

We’ll talk about a few things the average European citizen can do to help the environment right now. Most of these actions won’t require that much behavior modification, and you can feel good when you do them.

How European Citizens Can Help the Environment

Dispose of Cleaning Products the Right Way

Studies have shown the hazards of many cleaning products. Half a century ago, many chemicals people used around their homes harmed both those using them and the environment when a homeowner disposed of them.

When you buy household cleaning products, check the labels to ensure they don’t contain anything that harms the planet. You can find household cleaners that specifically say they won’t cause damage when you use or dispose of them.

Rather than dumping potentially harmful chemicals down the drain or somewhere outside, you can often contact your town or city’s government and locate waste disposal centers that will take them and deal with them. You might collect all the leftover chemicals and receptacles you have and take them there once a month or so.

Bike to Work or Take Public Transportation

If you can, take public transportation to work, when you need to go to the grocery store, or if you have another errand to run. If you don’t live somewhere with buses or trains nearby, then you can ride a bike to reach the places where you need to go.

green travel

You might have to take your car somewhere occasionally, such as if you’re picking up something that’s too large to carry with you on a bike or to take on a train or bus. If you can reduce the number of times you drive, though, every time you save yourself a trip, you are helping the planet.

If you bike or walk somewhere, you’re also getting in some much-needed exercise. Many of us live much more sedentary lives these days, so walking or biking helps you get your steps in and burns some calories. That can save you money you’d spend by joining a gym.

Purchase an Electric or Hybrid Vehicle

Every year, more hybrid and electric vehicles come out as well. If you can get one of those instead of one that runs exclusively on gas, that’s very helpful to the environment.

If you have a gas-running car, you can trade it in, which will lower an electric or hybrid vehicle’s cost.

You can also buy a used or certified pre-owned electric or hybrid car. That should save you some money if you can’t afford a brand-new one.

how to join Tesla engineering team

Every year, European nations continue building more electric charging stations to help with this transition. The switch can’t happen instantaneously, but if you can join this gradual movement, you’ll know you’re taking a concrete step toward reducing your carbon footprint. That will reduce foreign oil dependency as well.

Use Long-Lasting Lightbulbs

When you go shopping, you can look for long-lasting lightbulbs instead of the old-fashioned models. It might not seem like that will make much of a difference, but an energy-efficient lightbulb can last far longer than the traditional kind.

Buying the energy-efficient kind with the coils will save you money since you will not have to replace them as often. You can usually count on these bulbs to last you for several years rather than a few months like you would get with the old-fashioned, solid version. Also, since you have to throw fewer of them away, they make less trash in landfills.

Shop Wisely

You can get in the habit of bringing cloth bags with you when you go grocery shopping or shopping for small items. You can reuse those bags again and again.

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You can keep those bags in the car with you if you go run some errands. If you happen to forget the bags, you can also ask for paper bags in stores instead of plastic ones. Many stores no longer carry plastic bags anyway, but you can insist on paper ones when you buy things in the stores that do.

These small actions can help conserve our resources, and you can set a good example for your friends, neighbors, and kids as well.

5 Ethical, Sustainable and Eco-friendly Cost-Saving Tips

Consumers are no longer solely interested in catching a great deal. In fact, it’s the quick and cheap, disposable living mindset that has put the world in such a precarious state. Studies have shown that a business’s impact on the world plays a key role in their purchasing decision. Here are five ethical, sustainable, and eco-friendly cost-saving tips to help you cut back on your spending, and your carbon footprint.

Green SMEs

Evaluate your Utility Providers

Take a look at your utility providers to see what they’re doing to make a positive impact on the world around them. For those that are bill tracking, it is important to note that many energy service providers offer special rates and rebates for lower consumption. Using Energybot, you can contrast and compare providers in your area. You can visit their website to find the most affordable, eco-friendly option for you.

In areas where providers are limited, you can still look at their environmental initiatives and programs that will save you money while making a positive impact. Many utility providers conduct energy audits or provide rebates for swapping out appliances and faucets for eco-friendly versions.

Hit the Thrift Shop

Online shopping makes it easy to get anything you could dream of at an affordable rate. However, there’s a good chance that someone like you had a similar item and discarded it.

Hitting the thrift shop before shopping online will not only save you money but will also have a positive environmental impact. The clothes you buy online are manufactured and shipped from all over the world. This creates carbon emissions that have a detrimental effect. There’s a hidden cost to affordable online shopping; buy local whenever possible.

Eat Seasonally

Eating food from local sources is better for the environment and the economy. By ensuring that your money stays in the local economy, you’re stimulating growth that will ultimately benefit you over time. Furthermore, you aren’t paying to have food manufactured, shipped, and stored from thousands of miles away.

Eating seasonal produce will help you save money on fresh food and improve the diversity of your diet. By consuming seasonal, local produce, you’re saving money, boosting the local economy, positively impacting the environment, and improving your health. It’s a win for all involved.

Be Water Savvy

Minimizing your water consumption will help keep your budget low and the environment thriving. Start by monitoring your consumption at home and making small changes. Shut the water off while brushing your teeth. Don’t rinse your dishes before putting them in the washer. Wait until you have a full load to do laundry.

To take it to the next level, swap your faucet and showerheads out with aerators and low-flow alternatives. Start collecting and reusing rainwater for gardening. Replace your hot water tank with a “tankless” alternative. Look at your meter usage and set reduction goals.

Reduce, Reuse, Recycle

Recycling is a great initiative that can make an incredible difference in the environment when done correctly. However, recycling is just one of the “Three R’s” to remember.

Circular-Economy

 

Reduce and reuse often go hand-in-hand. Reduce your packaging consumption by buying food in bulk and using reusable grocery bags. Before you recycle something, think about ways to give it new life. Mason jars can be used to store dry goods and pack lunches rather than using plastic containers. Keep a few large jugs handy to fill with water, rather than adding to the single-use bottle problem. Instead of plastic toothbrush, use a bamboo toothbrush from Ecoy.

There are plenty of ways to lower your spending while taking care of the environment. Use a budgeting app like Mint to gain awareness about where your money is going. Then, use a carbon footprint calculator to evaluate your consumption. By making some simple changes to your lifestyle, you can limit harmful spending.