Avalanche, I believe( CRYPTO: AVAX). Avax claims to be one of the most environmentally friendly currencies on the market because it does not require mining or proof of work. It also plans to be a carbon neutral. Avalanche uses the consensus model to secure itself, requiring each transaction to be approved by a group of trusted validator. Avalanche launched 720M coins out of them only 245.3 is in supply.
How Avalanche is changing the world. According to the rough calculation given by Vinay Gupta ( CEO of Mattereum) did a rough calculation of Avalanche CO2 emissions to see if it could be a green chain. It was low really low.
Mattereum Team concluded that 100% offsetting avalancheavax was possible : the first net big Net Zero chain. Bitcoin's CO2 consumption is legendary: 23Millions tons. Ethereum is way less. But avax was coming in low, may be 100tons.
At the same time Avalanche comes out on the top when you look at how much energy it consumes per $ of cash value.
If we look at the figures :-
•Avalanche consumes 0.0005% of the energy compared to the Bitcoin network.
•Avalanche consumes 0.0028% of the energy compared to the Ethereum network.
Avalanche’s network consumes the same energy as 46 US households in a year. In comparison to top proof-of-work blockchains, Bitcoin consumes the same energy as 8.5 million U.S. households, while Ethereum consumes the equivalent of 1.6 million U.S. households annually – shocking, isn’t it?
This is the reason people are gravitating towards caused based project like Avalanche, also known as utility-based coin in the crypto world, as the cryptocurrency adoption grows. Many market projects deceive people making falso promises. As adoption grows, we should look at Earl's good projects and be early adaptors of undervalued projects. Numerous projects in various fields, such as finance and supply chain, will be undertaken.
Avalanche is attempting to solve the variety of problems and have strong tokenomics. And I believe that getting a head start on $AVAX coin will pay off handsomely in the long run. 🚀🚀