Which cryptocurrencies are considered environmentally friendly according to ESG criteria?

1 answers

• Nov 26, 2021 · 3 years ago
  According to our analysis at BYDFi, several cryptocurrencies are considered environmentally friendly based on ESG criteria. Ethereum, for example, has been actively working on its Ethereum 2.0 upgrade, which aims to improve scalability and reduce energy consumption through the transition to proof-of-stake. Another cryptocurrency to consider is Cardano, which has a strong focus on sustainability and aims to minimize its carbon footprint. Additionally, projects like Polkadot and Solana are also known for their energy-efficient consensus mechanisms. It's important to note that the environmental impact of cryptocurrencies is a complex issue, and it's always recommended to conduct thorough research and consider multiple factors before making any investment decisions.
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