Amidst the wild rise of cryptocurrencies, there seems to be a renewed worry about its massive carbon footprint. Accelerated by Elon Musk’s tweet where he mentioned that mining digital currencies is taking a toll on the environment, several prominent environmentalists, NGOs, and government authorities are pointing out the impact of greenhouse emissions on the planet.
Several published reports from prominent institutes are increasingly critical about how ‘mining’ cryptocurrencies require tremendous amounts of energy, leading to higher carbon footprints. According to cryptocurrency economist Alex De Vries, the energy usage for a single Bitcoin transaction is equivalent to the power consumption of an average American household over 25.91 days.
The rising acceptance of Bitcoin and other cryptocurrencies has led to more miners and mining activities using high-powered computers that consume more energy. Several studies conducted worldwide agree that mining cryptocurrencies is harmful to the environment and that crypto and blockchain firms should look for eco-friendly ways to power their computers for mining and processing transactions.
To address this challenge, Jelurida, the development company behind Ardor, Nxt, and Ignis blockchains, offers a sustainable solution that is efficient and interoperable while being extraordinarily environment-friendly. Compared to several other well-known PoW-based blockchains, Jelurida’s ecosystem relies on the PoS consensus protocol known for low power consumption and a limited environmental impact.
With governments, investors, and other prominent personalities pushing for environmentally friendly technology, Jelurida’s Ardor blockchain and its sustainable ecosystem is the go-to place for several promising decentralized projects. Ardor’s blockchain and Nxt’s Proof-of-Stake model have been put to the test across several real-world use cases, including government-backed projects.
In 2020, Jelurida supported the Austrian Federal Ministry with its project, HotCity. The one-of-a-kind project aimed to recycle heat from used energy sources. Using Ardor’s interoperability and scalability alongside Nxt’s 100% PoS consensus protocol, Jelurida designed a blockchain-based solution that enabled residents to earn tokens by submitting sources of used resources.
Cycle4Value, an Ardor-based project, uses the PoS consensus protocol to promote cycling. This Austrian Ministry-backed project aimed at lowering road traffic while boosting public health. Using Jelurida’s underlying technology, the dApp allowed participants to earn tokens by cycling.
Another unique eco-friendly project, TreeCycle, also uses Jelurida’s Ignis and Nxt to power their initiative. The project aims to transform massive stretches of uncultivated lands in Paraguay into sustainable and profitable forests, offering users up to 40% returns.
Jelurida’s ecosystem is designed to support the real-world use of blockchain technology, enabling dApps to serve the larger population. At the same time, its 100% PoS consensus protocol has minimal hardware requirements, making it energy efficient and fully equipped to support new and upcoming blockchain projects under the Crypto Climate Accord (CCA).