Cryptocurrency is infamously bad for the environment. In order to power the large computers required for crypto 'mining' a huge amount of energy is required, which is more often than not, supplied by fossil fuels. Bitcoin and Ethereum, the top two cryptocurrencies, both use an immense amount of energy – Bitcoin uses more than it takes to power some entire countries!
However, this doesn't have to be the case going forward. Some new coins are doing their best to change this narrative and taking climate action into their own hands. One such coin is Solana (SOL), and by extension, the new coin Mehracki (MKI) which is built on the Solana (SOL) blockchain. But what are they doing to help? And will it really make a difference?
To read more about Mehracki (MKI), follow this link.
Solana is a hugely popular coin, known as an 'Ethereum Killer' due to its potential to overtake the giant coin that has comfortably ranked second for years. Soland (SOL) made the impressive feat of reaching complete carbon neutrality in 2021 and has pledged to remain that way all the way through 2022.
Solana (SOL) uses a 'Proof of Stake' mining model to remove its need for energy to validate transactions. With this system in place, it uses 99.9% less energy per year than Bitcoin. As a by-product, this system also keeps Solana more secure and efficient. As a result, it actually uses more energy to make two Google searches than one transaction on Solana (SOL)!
Every year Bitcoin produces about 36 kilotonnes of electronic waste, a devastating amount of wasted energy. To be as proactive as possible, the Solana Foundation has funded a process called refrigerant destruction. Green American listed this process as one of the best ways to reduce CO2 emissions. Solana is supporting this process throughout 2022 with the hope of maintaining its carbon neutrality.
Solana (SOL) is also making an active effort to help environmental conservation beyond its own community. For example, it supports the destruction of HFC and CFC refrigerants, which are over 10,000 times more damaging than carbon dioxide. Adding this to its proof-of-history and parallel processing. Solana could be the most energy-efficient coin out there.
Finally, Solana is also partnered with Watershed, which helps to measure, reduce, remove, and report on the carbon status of companies, with the intention of minimising the impact they have on the planet.
New coin Mehracki is built on the Solana blockchain, meaning that this environmental activism trickles down to the coin. With its real-world application in the hospitality industry and customer incentives, this coin is looking to be very promising. By using 99.9% less energy than Bitcoin and benefitting from Solana's carbon neutrality, Mehracki will hopefully help change the crypto narrative. This will help prove to the world that in the future: crypto doesn't need to be bad for the environment.
To read more about Mehracki, click here.
Mehracki Token (MKI)
Presale: https://buy.mehracki.io/register
Website: http://mehracki.io
Telegram: https://t.me/Mehracki_Official
Twitter: https://twitter.com/MehrackiToken
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