Crypto Investments
Latest posts by CO Team (see all)

The top 10 eco-friendly crypto investments you can’t-miss in 2023

We’re in the midst of a climate crisis, and it’s time for everyone to start doing their part to reduce their carbon footprints. Even in the world of cryptocurrency, there are eco-friendly options that are worth investing in. Here are the top 10 eco-friendly crypto investments that are sure to explode in 2023:

 SolarCoin (SLR)

SolarCoin is a digital currency that rewards solar energy producers for generating electricity. One MWh of solar energy production generates one SolarCoin, which can be used to offset the cost of solar panels or other renewable energy investments. SolarCoins can also be traded on cryptocurrency exchanges for other currencies, making them a great investment for those looking to profit from the growth of renewable energy.

Ethereum (ETH)

Ethereum is a decentralized platform that runs smart contracts, i.e., applications that run exactly as programmed without any possibility of fraud or third-party interference. Ethereum is powered by the Ethereum Virtual Machine, which enables it to process transactions much faster than Bitcoin. This makes it ideal for applications that require high throughputs, such as payments and supply chain management. Ethereum is also working on integrating blockchain technology with the Internet of Things, which could revolutionize how we manage data and interact with devices in our homes and workplaces.

BitShares (BTS)

BitShares is a decentralized exchange that allows users to trade a variety of assets, including fiat currencies, cryptocurrencies, and commodities. BitShares uses a proprietary asset-backed peg system to stabilize prices and prevent extreme volatility.

Bitcoin

Bitcoin is the original cryptocurrency, and it remains the most well-known and valuable digital asset. While Bitcoin’s energy consumption has been a source of controversy, it is worth noting that the network is becoming more efficient as it scales. A recent study by Cambridge University found that 58.8% of Bitcoin’s energy comes from renewable sources.

As an investment, Bitcoin has exploded in value in recent years, growing from around $1,000 per coin in 2017 to over $19,000 at the end of 2020. Given its history of strong price appreciation and growing mainstream adoption, Bitcoin is a top pick for eco-friendly crypto investors.

 Litecoin

If you’re looking for an eco-friendly crypto investment that is likely to explode in the near future, look no further than Litecoin. While it doesn’t have the same household name recognition as Bitcoin, Litecoin is actually the silver to Bitcoin’s gold—it’s faster, cheaper, and more efficient.

Bitcoin Cash

Bitcoin Cash (BCH) is a fork of Bitcoin that was created in August 2017. BCH was created to address the high fees and slow transaction times that were plaguing Bitcoin at the time.

Since its creation, BCH has become one of the most popular cryptocurrencies in the world, with a market cap of over $4 billion. If you are looking for an eco-friendly crypto investment that has the potential to explode in value, then Bitcoin Cash is a great option!

Cardano

When it comes to eco-friendly crypto investments, Cardano is one of the top contenders. This blockchain platform is powered by renewable energy, making it a more sustainable option than many other cryptocurrencies. In addition, Cardano has a number of other features that make it a strong investment. For example, its decentralized nature means that there is no single point of failure, and its scalability means that it can handle large amounts of data without slowing down.

Cardano also has a strong community behind it, which is essential for any successful cryptocurrency. With all of these factors working in its favor, Cardano is poised for explosive growth in the coming years.

Polkadot

Polkadot is a scalable heterogeneous multi-chain protocol that enables interoperability between blockchains. It allows for the transfer of any type of data or value, including but not limited to tokens, within and across chains. Polkadot also enables developers to build parachains, parallelized chains that can scale horizontally and process transactions in parallel.

Polkadot has the potential to become one of the most important protocols in the cryptocurrency space due to its unique features and ability to connect different blockchain networks. This makes it an essential piece of infrastructure for the emerging Web 3.0 ecosystem.

Stellar

There are different types of cryptocurrencies, but not all of them are eco-friendly. Stellar is one of the most eco-friendly cryptos out there, and it’s also one of the most promising investments in the space.

Stellar is a decentralized protocol that enables fast, cheap, and secure global financial transactions. It’s supported by a growing network of banks, businesses, and individuals around the world. And because it’s built on the blockchain, it’s incredibly secure and transparent.

If you’re looking for an eco-friendly crypto to invest in, Stellar is a great option. It’s already well-established and has a bright future ahead.

NEO

NEO is a blockchain platform and cryptocurrency which enables the development of digital assets and smart contracts. NEO was founded in 2014 and open-sourced on GitHub in June 2015. NEO uses a unique consensus mechanism called dBFT (Delegated Byzantine Fault Tolerance), which is claimed to be more energy efficient than the proof of work (PoW) used by Bitcoin.

NEO has been described as China’s answer to Ethereum and is one of the most popular blockchain projects in Asia. The NEO token is used to pay for gas, which is the fuel used to run smart contracts on the NEO blockchain. The NEO platform also supports other tokens, which can be used to represent digital assets.