The crypto market, in all its novelty, has actively been scrutinised for its affiliation to the rapidly increasing carbon footprint. By the means of reassessing their models and directing donations toward a greener future, several cryptocurrencies have taken up the cause of environmental alleviation.
This specific aspect of social responsibility is gaining traction amongst the investors and it is rather welcome to see cryptocurrencies like Big Eyes (BIG) realise said responsibility.
How Does Crypto Impact The Environment?
To prevent a single person or organisation from seizing control of the entire network, digital currencies were designed to be difficult to mine which in turn needs a lot of processing power to manufacture. This characteristic contributes to the decentralised nature of cryptocurrencies. It comes at the cost of an immense carbon footprint by harnessing electronic energy.
There has been an argument that the mining of Bitcoin by the Greenidge Generation Plant is 100% carbon neutral. The ecosystem in the immediate vicinity may be impacted by the power plants required for cryptocurrency mining. The Greenidge Generation facility in New York pulls millions of gallons of water to cool itself while operating, and some of that water is discharged back into Lake Seneca at temperatures that are 30 to 50 degrees Fahrenheit above normal, endangering aquatic life. Hence, it is undeniable that the adverse environmental impacts of cryptocurrency are multifaceted and pervasive.
Several cryptocurrencies have shifted to a proof-of-stake mechanism recently in the wake of rising concerns about the environmental consequences of mining under the proof-of-work technology. Some examples of this well-meaning transition would be Cardano (ADA), Solana (SOL), Polkadot (DOT), Tezos, and VeChain (VET).
Big Eyes (BIG) Promises Funds For Saving Oceans
Big Eyes (BIG) is a cryptocurrency that has launched with a well-crafted narrative in the market. It has placed significant importance on preserving the oceans and aquatic life. The inclusion of this manifesto in its whitepaper and business model is a brave and considerate step taken by the Big Eyes Network. Needless to say, it is being widely appreciated by investors and market analysts since it is a testament to adhering to social responsibility in the fintech space. The roadmap for Big Eyes has anticipated that there will be a donation of a million dollars towards charities across the world that work towards the conservation of oceans.
Invest in Big Eyes (BIG) For A Secure Portfolio
During its recent presale, Big Eyes (BIG) managed to raise $1 million which is astronomical for a cryptocurrency that is new to the market. With its performances and promises, Big Eyes (BIG) is coming across as a strong investment opportunity in the digital asset space.
It claims to be a community-owned cryptocurrency where the investors will have a say in the ways that the crypto functions in the market. There is a complete elimination of any taxes on bing or selling BIG tokens. All in all, Big Eyes (BIG) has created a name for itself as a meme token and also about its scalability in the market.
It is highly advised to invest in cryptocurrencies that are ideal for your portfolio and personal financial aspirations.
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