Dogecoin Blocckhain Co2 Emissions Declining in 2022, Making Dogecoin the Most CO2 Reducing Coin
According to the report, Dogecoin is currently the third fastest CO2 emissions among all coins. It can reduce CO2 emissions by up to 25% by 2022.
In 2022, the Dogecoin project emitted over 1,063 tons of CO2, compared to 1,421 tons of CO2 the previous year. Change the algorithm to Proof-of-Stake
In addition, the electricity consumption of the Dogecoin project has also decreased, which is why the CO2 emissions are reduced accordingly.
Elon Musk Leads Dogecoin Development Team
In 2021, Elon Musk announced that it was partnering with the Dogecoin development team to develop the Dogecoin processing engine. During that time, Dogecoin was able to process 10,544,431 transactions, consuming over 0.12000 kilowatts of energy per transaction during the year. 2022 Dogecoin can process 11,806,084 transactions without using electricity to process transactions.
Earlier, Elon Musk canceled Bitcoin payments to buy Tesla cars, citing BTC’s consumption of electricity.
Currently, Dogecoin price is at $0.086107, up more than 6.0% over the past 24 hours, according to CoinMarketCap. CoinGecko
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