How environmentally friendly is crypto? A look at Proprivex, Ethereum and Bitcoin

Climate change threatens both water and food shortages, with the risk of extreme heat, increased flooding, economic losses and disease. The biggest threat to health is climate change in the 21st century, according to the World Health Organization.

So, what are cryptocurrencies doing to tackle their carbon footprint? This article will examine Proprivex (PPX), Ethereum (ETH) and Bitcoin (BTC) to see their contribution to reducing carbon emissions.

Proprivex’s (PPX) carbon neutrality

Proprivex (PPX) is a portfolio management and trading platform that seeks to help users manage their various portfolios from a single platform. The goal is to provide a reliable, interactive, simple, secure, intuitive and community-driven ecosystem that provides the best return on investment. Find out more here.

Proprivex is built on the Avalanche (AVAX) blockchain. Avalanche is a Proof-of-Stake (PoS) platform that prides itself on being carbon neutral. Because of this, Proprivex users do not have to worry about the environmental consequences of their actions on and with Proprivex.

If you’re an environmentalist, you might think it compromises safety. Well, Proprivex will have a DeFi return aggregator built on a rock-solid framework with fail-safe sound coding and bots to monitor liquidation.

The Ethereum (ETH) merger drastically reduces its carbon footprint

Ethereum (ETH) has been condemned for its carbon footprint in the past. The Proof-of-Work (PoW) platform currently uses the same amount of energy annually as the Netherlands. However, this will soon change due to the upgrades from Ethereum 2.0.

Ethereum 2.0 will change Ethereum from PoW to PoS. The upgrade will lower Ethereum’s carbon footprint by 99.95%. The news has been well received by both Ethereum users and the 3,000 decentralized applications that run on it. Reducing Ethereum’s carbon footprint will have a knock-on effect that could influence other PoW platforms to make the change.

Not only will the carbon footprint be drastically reduced, but Ethereum will also be in a better position to scale in the future. Having a PoS platform means it can reach a consensus before blocks are even formed.

The King Of Crypto – Bitcoin (BTC)

Bitcoin (BTC) is a decentralized and transferable coin. Like Ethereum (ETH), Bitcoin has been condemned for its large carbon footprint since it uses the same amount of electricity annually as Argentina!

You might be wondering why Bitcoin isn’t switching to PoS like Ethereum? That is because it will destroy the value of Bitcoin due to the fact that Bitcoin is dependent on labor used to increase or maintain its value.

Bitcoin has recorded positive numbers in the last 24 hours, according to CoinMarketCap. The crypto giant has risen by 3.73% at the time of writing. Bitcoin is recovering from the June crash and is expected to rise to $37,000 per coin in December, according to price predictions.

In summary

When examining the environmental impact of cryptocurrencies, it is clear to see that PoS platforms have a drastically lower carbon footprint than PoW platforms. It seems that this is the way forward for cryptocurrencies if they want to be environmentally conscious.

Ethereum and Bitcoin currently have a high carbon footprint, but the Ethereum 2.0 merger will reduce Ethereum’s carbon footprint. Proprivex is built on the Avalanche blockchain which is known to be carbon neutral. As the threat of climate change grows, will more people switch to PoS platforms?

For more information on Proprivex (PPX), please visit the following article: Can Proprivex Outperform Cryptocurrencies Like Litecoin in 2022? – Crypto News Flash

Proprivex (PPX) Links:

Advance sales: http://prop.proprex.io/
Website: http://proprex.io/
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