Bitcoinhas been a pioneer in the democratization of cryptocurrencies and, since its rise, we have seen the emergence of many cryptocurrencies. Did you know that there are many other cryptocurrencies that intend to promote ecology in their use? Here is a small top 5 green crypto-currencies with which you can support ecological and solidarity projects. What is a cryptocurrency?
A cryptocurrency is an alternative currency that does not possess a physical form and is entirely virtual. It is exchanged directly from peer to peer without the intermediary of a bank or other supervisory institution. Blockchain originally governs cryptocurrencies
The blockchain is a code deemed inviolable that makes it possible to do the accounting of the currency. Each link in the chain depends on the code of the previous link in order to be issued. All the links in the chain are therefore unique preventing any attempt at falsification. It is this high level of safety and its decentralized nature that make the strength of this new technology. Which crypto-currencies are ethical for man and the planet?
There are cryptocurrencies for everything! Here is a small overview of crypto-currencies whose existence goes hand in hand with ecological or ethical considerations. Solar Coin
An American initiative that aims to enhance the production of solar energy and obtain means to finance energy transition projects. For each MWh produced, producer and individual will receive a SolarCoin on his virtual wallet. Ecocoin
This currency rewards the user for the good deeds carried out in terms of sustainable development. Whenever your actions are favorable for the environment, you can claim to get Ecocoins, if your action can be proven by one of the partners of the currency (I do my shopping in an organic store that will prove that my consumption habits are responsible, with the Ecocoin). PlasticBank
Reducing plastic pollution of the oceans by giving a prize to plastic waste is the mission given to the PlasticBank. The currency has a higher rate of recovery of plastic waste than the market, thus promoting collection for recycling and encouraging local authorities to better take sorting into account in their policy. It also finances recycling plants in countries that do not have the means to build them. Peercoin
Blockchain technology is indispensable for issuing a cryptocurrency. Only this one requires a lot of energy because it forces a computer to perform many calculations. Peercoin uses the “proof of stake” which avoids the centralization of calculations on the same computer and distributes them to all users of the currency. This technique wants to reduce the energy impact that money needs for its operation. In exchange, users earn 1% interest to thank them for contributing to the rise of Peercoin. Fair Coin
FairCoin brings together all the notions of sustainable development around the same currency. Indeed, the faircoop company wants a better distribution of wealth and improve the social link factors thanks to the FairCoin, while limiting the energy impact generated by the creation of this currency.
Thanks to crypto-currencies, it becomes easy to support ethical projects for man and the planet! Do you own cryptocurrencies and in what case do you use them?