Dogecoin (DOGE) Goes Greener While Reducing Carbon Footprint by 25% by DailyCoin


© Reuters. Dogecoin (DOGE) gets greener while reducing carbon footprint by 25%

The second largest proof-of-work (PoW) blockchain, DOGE, has made giant strides towards reducing carbon emissions from mining and transacting with the leading memecurrency. According to recent research by Forex Suggest, Dogecoin had more than 10,000,000 transactions in 2022. It used over 40 times less electricity than (BTC), the leading digital asset and the father of all currencies. For comparison, DOGE has barked 7,117 trees to offset emissions, while Bitcoin (BTC) tree consumption levels are over a quarter of a million.

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Musk claims that DOGE is more favorable than BTC

The discussion about Dogecoin’s carbon footprint began in 2021 when Elon Musk publicly criticized Bitcoin for its heavy impact on electricity. Moreover, Elon the father Musk has expressed his fondness for the popular cryptocurrency by saying that DOGE is “more appropriate” for Tesla-related transactions.

During the massive bull run of 2021, Elon Musk has teamed up with DOGE developers to work on system transaction efficiency. Other notable players in the crypto game have made suggestions to make Dogecoin less carbon-intensive, with Ethereum (ETH) founder Vitalik Buterin suggesting going for Proof Of Stake (PoS).

Two weeks in a row for DOGE

The canine cryptocurrency has yet to reclaim the key $0.10 level, which helped a lot during Musk’s bullish Twitter Takeover when DOGE climbed to the $0.14 price range. However, things are looking brighter for the leading memecoin with an impressive gain of 22.4% in the past two weeks.

At the time of publication, the No. 9 ranked cryptocurrency in the form of a Japanese guard dog has changed hands at $0.086377, according to Queen Gekko. Dogecoin gained 2.7% over the past 24 hours, and managed a double-digit rally for a second week, claiming a perfect start to the new year.

on the flip side

  • Created as a joke in 2013 by comedian Billy Marcus, DOGE did not receive many technical upgrades in the early years.
  • Dogecoin is the only proof-of-work (PoW) blockchain among popular note currencies.

Why should you bother

The success of Dogecoin is closely related to the accelerated retail adoption of the cryptocurrency.

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