Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Recent events, including Ethereum’s completion of the much-awaited Merge, have left investors doubting how long Bitcoin’s Proof-of-Work consensus mechanism will last in the face of other innovative projects offering “greener” crypto solutions. Crypto mining has so far received heavy criticism because of its high energy consumption. Now, alternative, low energy-intensive models have emerged that are focused on reducing the crypto’s carbon footprint. Such projects are fast catching the investor’s eye and are set to gain more and more traction with time. This guide looks at some of the most energy efficient cryptocurrency projects this year, how they are driving sustainability in the industry, and what environmental factors investors might consider consider before buying them. The Most Energy Efficient Cryptocurrency Projects in 2023 Energy efficient cryptocurrencies are those that do not consume vast amounts of energy and have a small carbon footprint. The community surrounding some of these “green” crypto projects often participates in eco-initiatives due to their commitment to environmental well-being. Bitcoin Minetrix ($BTCMTX) – Overall, the Most Energy Efficient Crypto of 2023 Bitcoin ETF Token ($BTCETF) – Energy Efficient Crypto Inspired by Bitcoin ETFs Meme Kombat ($MK) – Green P2E Memecoin TG.Casino ($TGC) – An Most Energy Efficient Telegram Casino Crypto Chimpzee (CHMPZ) – Energy Efficient Cryptocurrency Project Incentivizing Investors to Fight Climate Change eTukTuk (TUK) – Energy-Efficient Crypto Powering Up Tuk Tuks Using Sustainable Energy Ethereum (ETH) – Leading Energy Efficient Cryptocurrency in 2023 Hedera Hashgraph (HBAR) – Best Crypto Alternative to Blockchain in Terms of Energy Efficiency Powerledger (POWR) – Solana-Based Energy Efficient Cryptocurrency Ripple (XRP) – Crypto with the Lowest Energy Consumption in the Decentralized Payments Niche Nano (NANO) – Free Energy Efficient Cryptocurrency with Latticed Network SolarCoin (SLR) – Providing Incentives-Based Boost to Renewable Energy Production Chia (XCH) – Leveraging Space and Bandwidth for Customized Throughput IOTA (MIOTA) – Digital Autonomy with the Promise of Eco-Friendliness Cardano (ADA) – First Peer-Reviewed Energy Efficient Cryptocurrency Project Mina Protocol (MINA) – World’s Lightest Blockchain Powering Energy Efficient Cryptocurrency Shifting Towards Energy Efficient Cryptos in 2023: A Closer Look Discussions around ‘Sustainability’ and ‘Climate Change’ are among the main global agendas for this decade, and a huge directive for the blockchain industry’s future as well. This is why both investors and crypto projects strongly feel the need for reinforcing their choices with eco-friendly measures. Crypto’s promise of accessibility, equitability and sustainability goes beyond decentralization. Projects like Bitcoin, despite being hugely successful, are being charged with inefficient energy consumption and greenhouse gas emissions, which runs counter to their fundamental objectives. With the crypto industry now seeking to reconsider traditional practices like mining to reduce their excessive energy usage, the highlight is now on projects that are more sustainable, and more environmentally friendly. A closer look at the 10+ least energy-intensive crypto solutions highlights their unique approaches toward sustainability, renewable resources, and performance efficiency. Buy Energy Efficient Cryptos on eToro Your capital is at risk. Bitcoin Minetrix ($BTCMTX) – Overall, the Most Energy Efficient Crypto of 2023 Bitcoin Minetrix ($BTCMTX) has burst onto the crypto scene, raising over $100,000 within minutes of its presale launch. What makes this newcomer stand out is its innovative Stake-to-Mine mechanism, a game-changer in the world of Bitcoin mining. Traditionally, Bitcoin mining required substantial capital and energy investments, making it inaccessible for most retail investors. Bitcoin Minetrix, however, turns the tables by introducing the Stake-to-Mine concept. Users stake the native $BTCMTX token to earn Bitcoin mining credits, which can be redeemed for mining time or a share of the mining yields. This mechanism, powered by Ethereum-based smart contracts, enhances security and transparency, addressing the issues commonly associated with cloud mining, such as fraud and lack of control. By decentralizing mining power acquisition, it empowers individual investors who lack access to significant mining hardware. Bitcoin Minetrix’s unique approach to BTC mining has garnered significant attention and is poised to reshape how everyday people engage with Bitcoin mining. Investors can purchase $BTCMTX tokens for $0.011 on the official website, using ETH and USDT as their preferred choice of payment method. Visit Bitcoin Minetrix Bitcoin ETF Token ($BTCETF) – Energy Efficient Crypto Inspired by Bitcoin ETFs Bitcoin ETFs, Exchange-Traded Funds that track Bitcoin’s price, provide institutional investors a traditional avenue to engage with Bitcoin without the technical complexities or energy concerns inherent to Bitcoin itself. The Bitcoin ETF Token is a cryptocurrency initiative leveraging the current popularity of Bitcoin ETFs, offering users access to an energy-efficient crypto with significant potential. This project strives to empower its retail investors by establishing a unique ecosystem where the token’s value aligns with Bitcoin ETFs and Bitcoin reaching specific milestones. Bitcoin ETF Token monitors the progress of Bitcoin ETFs and Bitcoin milestones, progressively reducing its supply and transaction tax to offer users lasting benefits. There exist a total of five milestones, each resulting in a 5% reduction of the token’s total supply and a 1% decrease in the transaction tax. Upon the completion of all milestones, the Bitcoin ETF Token will have burnt 25% of its total supply and reduced the transaction tax to 0%. The Bitcoin ETF Token’s strategy is straightforward, aiming to capitalize on the growing popularity of Bitcoin ETFs. However, this approach positions it for long-term benefits that early investors in the presale phase can appreciate. Visit Bitcoin ETF Token Meme Kombat ($MK) – Green P2E Memecoin Meme Kombat is an energy efficient P2E memecoin that’s transforming the cryptocurrency landscape by merging the meme craze with competitive gaming, offering both active and passive earning opportunities. At its core, the Meme Kombat Token ($MK), thoroughly audited, currently provides an impressive 112% Annual Percentage Yield (APY) through staking. Holding $MK tokens also generates passive income through APY, fostering continued platform engagement. Meme Kombat offers various betting options, such as player-vs-player, player-vs-game, and direct and side-action betting, ensuring an immersive and transparent gaming experience. Meme Kombat introduces an exciting betting system that complements its gaming experience. Users can engage in Player-vs-Player (PvP) and Player-vs-Game (PvGame) betting, along with direct and side-action betting, all underpinned by AI-generated, randomized battles. These transactions are conducted on-chain, ensuring transparency and fairness. Tokens acquired during the presale period are automatically staked, earning participants a high APY. Meme Kombat’s innovative approach to gaming and tokenomics positions it as a promising venture in the crypto world. Visit Meme Kombat TG.Casino ($TGC) – An Most Energy Efficient Telegram Casino Crypto TG.Casino ($TGC) has quickly made headlines by raising an impressive $150,000 in just minutes during its presale phase. What sets this crypto casino apart is its integration with the popular messaging app, Telegram. With nearly 800 million global users. Players can instantly sign up, make deposits, and withdraw funds directly through the Telegram app, all without incurring fees or undergoing Know Your Customer (KYC) verification. In addition to its user-friendly approach, TG.Casino boasts a wide range of provably fair games, a comprehensive sportsbook, and an enticing welcome offer. The project’s native $TGC tokens, available at the presale price of $0.125, serve various purposes, including staking and as a rewards, loyalty, and profit-sharing mechanism. Telegram’s secure and encrypted environment ensures a safe gaming experience, while the casino’s staking program offers an astonishing annualized yield percentage (APY) of over 4,000%. Token holders who stake can also benefit from the project’s buyback program, which uses a portion of casino profits to purchase $TGC tokens daily, further boosting their value. Get in now to become a part of the project. Visit TG.Casino Chimpzee – Energy Efficient Cryptocurrency Project Incentivizing Investors to Fight Climate Change Chimpzee is a new energy-efficient cryptocurrency of 2023 that takes a diverse approach to incentivize users with passive gains while empowering them to protect the endangered species and the environment at the same time. This project aims to disrupt the crypto industry by encouraging people to contribute to organizations that are focused on protecting the environment and saving endangered species from extinction. The energy-efficient element of this token refers to it being an ERC-20 asset, but what makes this project an enticing investment for eco-friendly individuals from the crypto and the noncrypto side of the aisle is the Chimpzee NFT passport. Chimpzee NFT passport is a unique NFT project with many upsides, three of which are three earning mechanics that users can interact with. Shop to Earn – Shop to Earn is the first element of this NFT project. When NFT holders buy Chimpzee gears from the marketplace, they will earn CHMPZ coins. Also, a percentage of the profits that the Chimpzee ecosystem generates from the gear sale will be donated to charity. Chimpzee NFT owners will also get access to special discounts and other perks. Trade to Earn – Chimpzee marketplace portrays itself to be one of the first to share its profits with its contributors, which include NFT holders and traders who buy and sell NFTs on the marketplace. Actively trading on the Chimpzee NFT marketplace while holding the Chimpzee NFT passport will allow users to earn tokens and discounts. Play to Earn – Chimpzee has a unique game known as the “Zero Tolerance Game”. This game consists of an array of milestones that players can complete and earn CHMPZ tokens in return. The term “zero tolerance” refers to zero tolerance towards harm that comes to animals. Chimpzee has initiated the presale of the CHMPZ tokens. And those who participate in the first stage will get the most benefit. In addition to getting the tokens at the lowest price, first-stage participants can also buy a Chimpzee Diamond NFT passport, an NFT with its own unique set of perks. First-stage movers will also get a chance to get a staking APY of 20% via an exclusive whitelist event. Overall, Chimpzee is one of the more unique energy-efficient cryptocurrency projects that we have come across. Its implementation of earning mechanics while moving the project towards protecting the environment is one that long-term investments must pay attention to. Visit Chimpzee eTukTuk (TUK) – Energy-Efficient Crypto Powering Up Tuk Tuks Using Sustainable Energy With over 270 million Tuk Tuks available across the globe, the internal combustion engine they use is wreaking havoc across the environment. Cost factors, too, are a major concern as there has been over a 50% increase in fuel costs in many countries. The answer to this issue lies in the adoption of a greener approach that electric-powered Tuk Tuks the norm. Making that a reality is an energy-efficient crypto project known as eTukTuk. eTukTuk is the world’s first automotive project. Built on the Cardano blockchain, eTukTuk aims to make EV solutions accessible throughout the world, starting from Sri Lanka. While electric-powered vehicles have increased in number for those, who use them privately, we can’t say the same for public transportation. Lack of awareness and the lack of cost-efficient models are a couple of contributors to that issue. With eTukTuk, however, this problem is set to be solved using blockchain technology. The project aims to promote both EVSE (Electric Vehicle Supply Equipment) and Zero Emissions Vehicles. And to make them a norm, eTukTuk plans to engage in a “territorial partnership” with certain regions. Territory partners will collaborate with eTukTuk to install and operate essential services for operating, maintaining, and delivering eTukTuks. This project is fruitful for both individuals and institutions. eTukTuk is inviting public and private sector entities to become partners to expand this project. However, the major key drivers of this project will be the drivers and the passengers for whom eTukTuk is developing an app. eTukTuk is powered by the TUK token. TUK has a supply of 2 billion and follows a controlled, reduced inflationary mechanic. Upon the launch of the network, a controlled, reduced inflation rate will be put in place, and the token will be distributed to TUK stakers over a span of 15 years. Visit eTukTuk Ethereum (ETH) – Leading Energy Efficient Cryptocurrency in 2023 Ethereum is the world’s second-largest crypto project and needs no introduction. But what you need to know about ETH is its latest transition to energy efficiency. ETH is moving away from its energy-intensive proof-of-work (PoW) mechanism to the proof-of-stake (PoS) – a move aimed at aligning its underlying technology with sustainability principles. This transition from PoW to PoS, called “The Merge” will reportedly lead to a drop in energy use by an overwhelming 99.95%. The Merge is taking place in two phases, the first beginning on September 6, and the second between September 10 and 20. The Ethereum Merge is aimed at getting rid of the high-energy-consuming mining process so long used to validate ETH transactions. This eliminates the need for energy-intensive mining equipment, thus reducing Ethereum’s contribution to CO2 emissions. Furthermore, by switching to energy efficient crypto, validators will be able to validate transactions using ordinary devices such as laptops and PCs. As a result, Ethereum is expected to be one of the best proof-of-stake coins in the long run. Buy Ethereum on eToro Your capital is at risk. Hedera (HBAR) – Best Crypto Alternative to Blockchain in Terms of Energy Efficiency Hedera Hashgraph has been deemed as the cryptocurrency that can compete with the biggest payment processors in terms of the number of transactions per second. But that is not its biggest USP. It can process substantially voluminous transactions faster while using far less energy compared to projects like Bitcoin. Besides, HBAR’s instant transaction speeds allow the project to be used for almost any practical applications that require real-time responses. The reason behind HBAR’s strong capabilities is its unique framework which handles transactions in parallel instead of linearly. It employs its own consensus mechanism called virtual voting, as opposed to the common Proof of Work (PoW). Virtual voting sets itself apart with zero energy loss in the coin minting process. While still providing a publicly available ledger, HBAR functions using “hash graphs” instead of “blocks” to authenticate transactions. This hash graph consensus is unique to Hedera, and is “a faster, more secure alternative to blockchain consensus mechanisms,” according to its website. With its novel chatter about gossip protocol and virtual voting, Hashgraph enables high throughput with 10,000+ transactions per second today and low-latency finality in seconds. Once consensus is obtained, the transaction is immutable and visible to everyone on the public ledger. Buy Hedera on eToro Your capital is at risk. Powerledger (POWR) – Solana-Based Energy Efficient Cryptocurrency Powerledger is one of the few crypto projects to have a female co-founder. It was initially established in 2016-17 as an Ethereum token but has switched to the less energy-intensive Solana in 2021 to keep up with its aim of energy efficient transaction throughput. The reason behind this transition was to take advantage of the scalability of the Solana code base, which Ethereum had still not introduced until then. The peer-to-peer Powerledger operating system tracks the trade of energy, flexibility services, and environmental commodities on an underlying vision of the decentralized grid. When energy inputs and outputs are inconsistent, such as is the case with renewable energy like solar and wind, a centralized power grid becomes increasingly problematic. Powerledger offers a distributed, decentralized network that enables producers to track, trace, and exchange energy in real-time, resulting in more stable and robust energy networks. Blockchain technology and POWR token in particular are critical pillars for this vision. The customized permissioned Solana blockchain of the platform employs Proof-of-History and Proof-of-Stake (PoS) consensus methods which allow even vast transaction volumes to be faster and less energy-intensive compared to existing PoW blockchains. Powerledger also incorporated Safecoin’s voter subset consensus to limit the number of administrative type transactions handled by the blockchain. This is helping maintain the network as more secure and energy efficient than ever before. Buy Powerledger on Binance Your capital is at risk. Ripple (XRP) – Crypto with the Lowest Energy Consumption in the Decentralized Payments Niche Ripple is the “first blockchain company to pledge to be carbon-zero by 2030”, and is making the big shift to renewable energy sources for this vision. The permissionless, decentralized cryptocurrency Ripple shuns the energy-intensive Proof-of-Work consensus for its own “distributed agreement” mechanism, which necessitates agreement from a supermajority of nodes to validate transactions. Put simply, the process demands that most validators must approve a transaction before it can be added to a ledger. Ripple’s native digital asset XRP does not require mining, lowering the carbon footprint of technologies built on the Ledger even further. Server company TRG Datacenters reported in April that XRP was the least energy intensive of the seven major coins it examined (the others being Dogecoin, Cardano, Litecoin, Bitcoin Cash, Ethereum and Bitcoin). It uses 0.0079 kWh of electricity each transaction, which is only 0.00112% of the 707-kWh used by Bitcoin. Ripple also has a separate ‘Carbon calculator’ on its website that displays the network’s energy consumption relative to Bitcoin and Ethereum, highlighting that it is one of the most energy-efficient cryptos. For example, ETH uses 2.57 billion kWh of energy per year, whereas Ripple uses only 474,000. Buy Ripple on eToro Your capital is at risk. Nano (NANO) – Free Energy Efficient Cryptocurrency with Latticed Network Nano calls itself “a digital currency for everyone, without fees.” The crypto project consumes much less energy compared to Bitcoin and several other leading cryptocurrencies since it does not rely on mining at all. Unlike other cryptocurrencies, there is no record of any chain of transactions on Nano. Instead, Nano works on an underlying technology of energy efficient block lattice. All accounts on Nano form a lattice of interconnected blocks, and every user gets more control over their own account. The accounts are updated asynchronously, rather than requiring the use of a complete linear blockchain, as is the case with Bitcoin and others. This independence from a chain of competing transactions enables Nano to establish a sender-receiver account chain for each network user separately. The result? Nano allows for up to 125 transactions per second, is scalable and lightweight, and despite still using a Proof of Work mechanism, it works at a minimal carbon footprint. There are other characteristics that set the platform apart. Nano is free, which means you can send tokens at zero cost. This makes the platform accessible and inclusive for all. Nano also does not rely on either mining or printing or minting and allows instant digital currency payments. Buy Nano on Binance Your capital is at risk. SolarCoin (SLR) – Providing Incentives-Based Boost to Renewable Energy Production SolarCoin is a unique crypto project that incentivizes users for producing solar energy, thus bringing renewable energy and energy efficiency into the limelight. The global, decentralized cryptocurrency issues one SLR for every Megawatt hour of solar energy produced by the user. As per its website, “SolarCoin is an alternative digital currency that works like air-miles for Solar electricity generation.” In this way, the token is rewarding its community for lowering the cost of electricity production. Introduced in 2014, the network relies primarily on people submitting paperwork to confirm energy generation, but the Internet of Things may one day automate this process with automatic updates from solar arrays. The one-of-its-kind platform is helping conserve natural capital while sustaining an incentives scheme at the same time, tying in energy efficiency with financial gains for users. The asset also intends to provide extra incentives to solar energy producers. Buy SolarCoin on Binance Your capital is at risk. Chia (XCH) – Leveraging Space and Bandwidth for Customized Throughput Chia is mined using the Amazon Web Services (AWS) cloud computing technology. The project offers a more sustainable, lighter, and simpler “farming” mechanism as opposed to “mining” of other currencies. It was founded in response to the excessive energy consumption associated with crypto mining activities and uses no specialized equipment or vast amounts of power for its farming process. Chia leverages your computer’s hard disk space and uploads bandwidth instead of energy-intensive computation. It eliminates extraneous data from blocks and only validates them as needed. Its consensus algorithm is freely available to the public as the Mainnet blockchain transaction platform and is downloadable at chia.net. After installing the software, you can opt to donate a portion of your uncommitted hard drive space to the network without severely hurting its speed or consuming significantly more energy. This is enabled by Proofs of Replication (PoRep) which incentivizes users to share hard disk space for network security in exchange for XCH rewards. Established by the inventor of BitTorrent, Chia enables smart transactions using Proof-of-Space Time instead of Proof-of-Work. The parameters of space and time are adjustable as per your system’s bandwidth and storage, enabling a distributed consensus geared for efficiency and sustainability. Buy Chia on Binance Your capital is at risk. IOTA (MIOTA) – Digital Autonomy with the Promise of Eco-Friendliness IOTA is a refreshing micro-transaction crypto project that has been designed with the Internet of Things (IoT) revolution in mind. It eliminates transaction fees and accepts even the smallest nano payments. The platform largely employs the Fast Probabilistic Consensus and depends on the Proof of Work only partially to maintain reduced energy consumption overall. It outperforms Bitcoin in this aspect and is only set to create new benchmarks in energy efficiency with its Atomic Transactions norm in the future, reducing transaction sizes from 1.7 KB to less than 100 bytes, which will lower energy consumption proportionately. IOTA functions on the Tangle distributed ledger architecture that renders it free from blocks, chains, and hence mining. The platform describes itself as the future backbone of IoT, enabling tamper-proof data, micropayments with no transaction costs, and low resource requirements. IOTA’s goal is to build a “machine economy” by enabling simple machine-to-machine transactions and connecting human and machine economies. Its innovative transaction validation model uses nodes to compare two previous transactions (called tips), reducing the amount of time and memory to validate transactions. Buy IOTA on eToro Your capital is at risk. Cardano (ADA) – First Peer-Reviewed Energy Efficient Cryptocurrency Cardano is created by the co-founder of Ethereum, and was the world’s peer-reviewed blockchain to be established and tested by scientists on evidence-based methods. The PoS consensus mechanism deployed by Cardano makes it fundamentally more energy efficient than Bitcoin, demanding users purchase tokens to join its network. This mechanism helps save vast amounts of energy. As per a recent report, the crypto network uses only 3.103 GWh (0.0031 TWh) of power annually, considerably less than online streaming networks Netflix (94 TWh) and YouTube (244 TWh). Based on an analysis by Finbold, Cardano (ADA) is 47,200 times more energy-efficient than Bitcoin, the flagship Proof-of-Work (PoW) cryptocurrency. According to its website, “Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create the possibility for the many, as well as the few, and bring about positive global change.” Buy Cardano on eToro Your capital is at risk. Mina Protocol (MINA) – World’s Lightest Blockchain Powering Energy Efficient Cryptocurrency Mina Protocol is billed as the world’s lightest blockchain at only 22 KB and is a more equitable and sustainable blockchain than its competitors. It is completely independent of intermediaries and offers the significant capacity to run nodes for immediate synchronization and verification. Mina Protocol is powered by its participants, who are all full nodes. Because Mina is lightweight, anyone may easily connect peer-to-peer and validate transactions like a complete node, assuring the blockchain’s censorship resistance and security. This differs from traditional chains, which have grown so large that users must rely on intermediaries to run nodes, contradicting the blockchain’s original decentralization promise and making the network more vulnerable to a 51% attack. Every Mina participant must run a node to transmit and receive transactions. To function properly, the algorithm also requires block producers and Snark workers that help in network data compression and generating transaction proofs. Buy Mina Protocol on Binance Your capital is at risk. The Verdict – Energy Efficient Crypto the Future of Blockchain? For years now, cryptocurrency has been associated with high energy consumption for heavy computations, vast electricity usage, and depletion of fossil fuels. Many of the world’s leading crypto projects like Bitcoin depend on energy-intensive mining for generating new currencies, verifying, and adding transactions to the public ledger. This is putting tremendous pressure on the processing power of modern computers, boosting global warming and climate change in the long run. This is the reason that alternative, greener cryptocurrencies are catching the community’s eye. These projects are bringing new, eco-friendly consensus mechanisms and sustainability-first incentives to the fore, reducing overall carbon footprints, and saving energy consumption. These energy efficient cryptocurrencies are certainly paving the future of the blockchain industry, which is ever-evolving. While only time will tell which of these will sustain in the long run financially, they have certainly sowed the seeds for eco-friendly investment choices already. Invest in the Most Energy Efficient Crypto FAQs Is cryptocurrency energy efficient? Cryptocurrencies have for long been considered energy-intensive, due to their mining processes that consume vast amounts of electricity and data. Of late, however, several green crypto projects have emerged that place due focus on alternatives to mining and use energy efficient mechanisms for cryptocurrency transactions, verification, and storage. Is Ethereum energy efficient? The Ethereum Merge is enabling ETH to move away from the energy-intensive mining using Proof of Work consensus, to the more environment-friendly Proof-of-Stake mechanism. This is making the crypto more energy efficient than ever before.