Dogecoin

According to research, Dogecoin (DOGE) was the only memecoin in 2022 to significantly cut its carbon footprint by 25% in one year, owing to the involvement of developers and Elon Musk, CEO of several companies including SpaceX, Tesla, and Twitter.Musk strongly advocated for the usage of Dogecoin, saying that the memecoin was more suited for transactions. Previously, the billionaire rejected Bitcoin (BTC) as a payment option for Tesla because of its high carbon emissions.<h2 id="header-0">Elon Musk, Dogecoin community collab succeed in slashing carbon</h2>The annual CO2 emissions of Dogecoin were reduced by 25% as a result of Musk’s and the ecosystem’s members’ taking appropriate actions.<a href="https://forexsuggest.com/global-impact-of-cryptocurrency-trading/" rel="noopener noreferrer nofollow"> According to data from Forex Suggest</a>, Dogecoin produced 1,063 tons of emissions in 2022 compared to 1,423 tons in 2021.After switching to a proof-of-stake consensus algorithm in 2022, Ethereum had the greatest decrease in CO2 emissions.DOGE fared substantially better than the majority of the leading assets on the crypto market in terms of price performance over the course of a year during the 2022 bear market.After Ripple (XRP) and Binance Coin (BNB), the memecoin emerged as the third-best performer in the top 10 list. DOGE also surpassed its main rival, Shiba Inu (SHIB), whose community is focused on <a href="https://micky.com.au/shibarium-layer-2-network-beta-to-launch-soon-say-shiba-inu-devs/" rel="noopener noreferrer nofollow">constructing a layer-2 network</a> and metaverse and blockchain games.Dogecoin’s low carbon impact and widespread community support equip it as a financially sustainable tool in 2023.

Dogecoin successfully cuts back 25% in carbon emissions, thanks in part to Elon Musk

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