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Digital money is here to stay, and ethical choices must be made. It’s critical to continue what was started at the end of last year: utilizing crypto payments for companies all over the world, as well as environmental causes. Sustainable cryptocurrencies, “green” crypto, and eco-friendly digital money are just a few ways to combine the two.For example, Nano&#96;s energy consumption is almost non-existent, its carbon footprint is small as a result of a compact infrastructure, and nano transactions are feeless. Green digital payments are possible for your business: streamline your payments and help the environment.<h3 id="strong-future-cryptocurrencies-will-be-more-sustainable-and-eco-friendly-strong">Future Cryptocurrencies Will Be More Sustainable And Eco Friendly</h3>Cryptos are here to stay, and so ethical choices have to be made to ensure a sustainable future environment. To deliver a sustainable future, many analysts are predicting that eco-friendly cryptos will soon flood the market. This is because they offer a number of advantages over traditional cryptos.For example, they are more environmentally friendly and easier to use. They can be used in a variety of ways, including online payments and money transfers. This makes them a viable option for everyday transactions.They don’t require as much energy to produce and use, which means they are less harmful to the environment. This is a big selling point for many people, especially those who care about sustainability.According to the Ethereum Roadmap Update, the network will soon be moving to a POS system. That’s when Ethereum will consume 99.98% less energy than it is consuming right now, which is a lot! So by 2023, we might see Ethereum as one of the top sustainable and eco-friendly cryptocurrencies.With the growing popularity of proof-of-stake rather than proof-of-work mechanism and not relying on energy-intensive mining operations, it seems that the future of eco-friendly cryptos is bright and inevitable.<h3 id="strong-inside-a-cryptocurrency-mining-facility-strong">Inside a cryptocurrency mining facility</h3><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/cf5535c8489545f38fd421b1c9c7f37e.jpg" />Russell Weiss owns and manages Flex Data Center, a 15,256-square-foot colocation company in Reston, Virginia. The data center primarily hosts website servers, cloud systems, and other network equipment, renting its space to private and commercial operations alike.About a third of his clients are private cryptocurrency investors who use his facility to securely store their mining computers. The Flex Data Center opened in 2001 but Weiss said he didn’t see an interest in the use of his facility from cryptocurrency miners until the 2017 Bitcoin boom.Because the computers are difficult to power and cool at home, the Flex Data Center provides a secure site to do both.The Flex Data Center is housed in a nondescript gray building, marked only by an army of security cameras and an address pasted in plain white lettering on the glass door. Wedged between childcare and an athletic center, the place is entirely underwhelming from the outside.Yet inside, it is teaming with whirring machines, blinking computers, and a heat that envelopes visitors like an electric blanket.Shelves half-filled with mining rigs and ASIC computers fill one of the three rooms at the facility, and black plastic barriers surround the shelves, directing a steady stream of hot air up towards the air conditioning ducts, a practice that facility manager Steve Marish said helps the facility use its energy more efficiently.When the shelves of computers are running at full capacity, temperatures can reach upwards of 100 degrees Fahrenheit, Marish said.<h2 id="header-0">New eco-friendly cryptocurrencies on the horizon</h2>Concerns are mounting over the amount of energy consumed in the mining of cryptocurrencies, and new efforts are emerging every day to improve the sector’s environmental standing. Renewable energy usage, more efficient protocols, and carbon footprint offsetting are among the initiatives being implemented.TRG Datacenters believes that we will start to see the development of sustainable and eco-friendly cryptocurrencies. The company has pinpointed nano, IOTA, and chia as drivers for this change because of their dedication to lessening the environmental impact of transactions.More than 45 businesses and individuals in the cryptocurrency, finance, energy, and technology industries have joined the Crypto Climate Accord, which aims to decarbonize the sector while also net-zeroing emissions from cryptocurrency electricity usage by 2030.<h3 id="strong-are-there-any-eco-friendly-nfts-strong">Are there any eco-friendly NFTs?</h3>There are more sustainable systems in the works. The Ethereum Foundation estimates that a new version of Ethereum (called Ethereum 2.0) will use 99.95% less energy when it is complete.But the switchover is still some years away. In the meantime, some platforms are working on more efficient ways of handling NFTs.The Flow Protocol is one example. Flow is a decentralized platform that uses an energy-efficient consensus algorithm called “proof of stake” (instead of the power-hungry “proof of work” used by Bitcoin). This means that Flow can run on far less energy than other protocols.The popular NFT platform WAX also uses proof of stake and is working on making its system even more efficient. WAX has partnerships with several green energy providers, and it aims to be completely carbon-neutral by 2021.So, while NFTs are currently quite energy-intensive, there are some eco-friendly options out there, and it’s likely that more will emerge as the industry grows.<h3 id="strong-what-can-i-do-to-offset-my-carbon-footprint-from-nfts-strong">What can I do to offset my carbon footprint from NFTs?</h3>If you want to offset your carbon footprint from NFTs, you can do so by buying carbon credits. Carbon credits are a type of voluntary market-based mechanism used to reduce greenhouse gas emissions.You can buy carbon credits through various online platforms, such as Carbonfund.org, NativeEnergy.com, and TerraPass.com.When you buy a carbon credit, you are essentially funding a project that reduces greenhouse gas emissions by an equivalent amount. For example, you might buy a carbon credit that represents one ton of avoided carbon dioxide emissions.Carbonfund.org, for example, offers carbon offsetting for both individuals and businesses. The individual offset options include renewable energy, forestry, and energy efficiency.If you’re looking to offset your carbon footprint from NFTs specifically, you can do so through the WAX platform. WAX has a partnership with Carbonfund.org.

Sustainability & Eco-Friendliness: The future of Cryptocurrencies and NFTs

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