According to an ONS survey, three-quarters of British adults worry about climate change. This fear can be seen in the rise of ‘eco-friendly’ products, pledges and brands and their popularity within their respective markets. The demand for these products will only likely rise in the future.
Unsurprisingly, crypto also has its energy-efficient and sustainable movement. The cryptos Cardano (ADA), Algorand (ALGO) and Novčić Big Eyes (BIG) all have environmental messages. But are these projects committed to saving the planet or just greenwashing?
What Is Greenwashing?
Greenwashing is defined as a business or company misleading a customer to believe their production process or products are environmentally friendly so they market themselves as a green company and profit off this factor.
What Is Being Eco-Friendly?
According to the Cambridge dictionary, an eco-friendly action or crypto is designed to have ‘little or no damaging effect on the environment. It is quite a vague term, open to a lot of interpretation. This is perhaps why many businesses and companies have come under criticism for brandishing themselves this way.
Cardano- ‘Making The World Work Better For All’
Cardano is a public blockchain platform built to improve on Ethereum’s Blockchain flaws. The platform is arguably more flexible and sustainable than Ethereum’s, which makes sense considering it was founded in 2015 by Ethereum co-founder Charles Hoskinson.
With the mission to make ‘The World Work Better For All’, Cardano uses a proof-of-stake consensus mechanism called Ouroboros to keep transaction costs low and ultimately save a tonne of energy.
According to Cardano, Ouraboros scales up to four million times the energy efficiency of Bitcoin (BTC). Over its lifetime, the Bitcoin Network produced the same amount, if not greater, of greenhouse emissions as Colombia did in 2018.
Algorand – A Fully Carbon Neutral Blockchain
Although in many ways similar to Cardano, Algorand also has enough features to set itself apart. Another blockchain that claims to be one of the most powerful and sustainable in the world, Algorand also goes further to offset its carbon footprint by maintaining a partnership with ClimateTrade. On their website, they claim to have been carbon negative since 2021.
CEO of ClimateTrade states: “ we are inspired by the leadership role the organization [Algorand] is taking to ensure the next generation of blockchain adoption is environmentally friendly”.
Big Eyes Coin’s 5% Charity Wallet Has Attracted Almost $9 Mil Presales
Additionally, a Big Eyes Coin merch store will also be used to increase the token’s popularity, fundraise for the project and ultimately save the oceans.
Are Green Cryptos The Future?
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Za više informacija o projektu:
Predprodaja: https://buy.bigeyes.space/
Web stranice: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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Source: https://zycrypto.com/are-big-eyes-coin-cardano-and-algorand-greenwashing-or-are-they-actually-eco-friendly/