When it comes to cryptocurrency, the big debate is always between Bitcoin and Ethereum. Which one is better? Who will come out on top? There are a lot of factors to consider, but one important factor is sustainability. Which coin is more sustainable? Is Ethereum more green than Bitcoin?
The short answer is yes, Ethereum is more green than Bitcoin. But let’s take a closer look at why that is.
Bitcoin mining uses a lot of energy. In fact, one study found that Bitcoin mining uses more energy than all of the gold mining in the world.
That’s a lot of energy! And where does that energy come from? Mostly from coal-fired power plants. That means that Bitcoin mining is contributing to climate change.
Ethereum mining is not as energy-intensive as Bitcoin mining, but it’s still not great for the environment. However, Ethereum is working on a new proof-of-stake system that will be much more sustainable.
With proof-of-stake, miners will not need to use nearly as much energy to process transactions. This could make Ethereum a much more sustainable coin in the future.
So, right now, Ethereum is more green than Bitcoin. But in the future, Ethereum has the potential to be even more sustainable than it is today.