Ethereum

  1. Profit
  2. Tech
  3. Web3

The scoop: The sustainability of Web 3 ties closely to the real world. A large portion of our world depends on energy also needed to run the web.

There are some outside factors you may not be aware of that can drastically change how Web 3 influences sustainability around the world (not just on the web).

Key points:

  • Only about 12% of the energy in the US comes from renewables right now. This needs to change in order to provide a more sustainable energy source for Web 3 applications.
  • Web 3 applications can offset its energy consumption by making other aspects of our economy more sustainable.
  • It’s still early. We are likely to see unexpected solutions come from unexpected areas. Buckle up for the ride. 

What’s next? Rather than trying to predict the future, spot trends that influence the sustainability of Web 3 to better gauge its progress.

Dig deeper → 5 min

  1. Better Markets
  2. Business
  3. Profit

In a literal sense, sustainability is about creating a system of permanence. When determining if something is sustainable, you're asking: is this project, product or service a replicable component of a system that can last forever? Sustainable cryptocurrencies do not exist within that framework.

But most things are not sustainable. In this period of growth centered around sustainable systems, it is more worthwhile to focus on what projects are building the future and how they are framing themselves to fit within the mold of a more sustainable future.

Here are 10 cryptocurrencies I think are trying to be more sustainable.

Dig deeper ➝ 5 min

  1. Better Brands
  2. Better Business
  3. Better Markets
  4. Business
  5. Profit
Busy? Try the speed read.

The scoop: NFTs went mainstream. Now more people are starting to realize Ethereum has a sustainable energy problem. There is a solution.

Not all blockchains are the same: Bitcoin uses about 1% of the world’s electricity. Ethereum is the second largest coin and runs on a similar model as Bitcoin. Neither are energy efficient.

Still, blockchain technology as a whole operates under many different consensus algorithms. Bitcoin and Ethereum’s proof-of-work model is just one version.

Sustainable proposals: Convert mining facilities to use more renewable forms of energy. That’s a good place to start.

More effectively, big coins like Bitcoin and Ethereum can operate using a proof-of-stake model to be more sustainable. This would allow fewer nodes (computers) to validate transactions on the public ledger and increase the energy efficiency of their blockchains.

Finally, emerging coins should look to more efficient consensus algos like Ripple as a model for sustainable crypto. That would propel the industry forward.

Bottom line: Progress is happening. There are existing solutions. The blockchain industry just needs a little nudge to do better.

Dig deeper → 3 min

Unlock our weekly newsletter

By subscribing you agree to our Privacy Policy.





Top Posts

3 clear reasons why overpopulation is a myth
Better brands: Is Beyond Meat Sustainable?
A Closer Look at Digital Carbon Credit Coins
The truth about the environmental impact of takeout food

Latest

Sustainable Review is copyright material. All rights reserved.

X

Login

Welcome to SR.

Like, comment, discuss, follow your favorite stories.
Become an Eco-Warrior.
Registration is closed.

All your sustainability needs, tied up once a week.

Get it in an email.

Access our Weekly recap with digestible news, articles and resources around sustainability.

By subscribing you agree to our Privacy Policy.

15% off. Just for SR readers.

Save 15% off green household products at Repurpose.com. Click here to save.
repurpose sustainable review
Close Bitnami banner
Bitnami