PRESS RELEASE. February 2022: Leading Crypto service comparison site Cryptowisser, announces its Crypto Carbon Footprint list. The list ranks how sustainable the top 100 cryptocurrencies are and is based on the research of a Swedish team of sustainability experts.
The list ranks each coin of how a typical transaction affects the environment through its carbon footprint. The list uses a color scheme to display different levels of energy efficiency and carbon footprint, with dark green being the cleanest by carbon neutral or negative, and medium green being equivalent to a VISA transaction.
“We are excited to release the world’s first comprehensive ranking of carbon footprints of Cryptos and we hope to give more clarity in the market regarding how green different cryptos are. Based on our research, we can also give a positive outlook for the sustainability of Crypto”
Richard Ramberg, CEO of Dgtl Assets Group AB
How Does Crypto Have a Carbon Footprint?
The carbon footprint of cryptocurrency is based on the energy consumption from the daily operations, for example the process of mining or running of nodes in combination with how clean the energy is. Miners powered by renewables or based in a clean electricity grid will have a significantly lower carbon footprint than if powered by fossil fuels.
How many Cryptocurrencies are carbon neutral or negative?
According to the list, 12 of the cryptocurrencies are self-defined as carbon neutral or negative with Algorand taking the top spot as the greenest cryptocurrency on the market.
The vast majority of the coins have been ranked in the Light Green category, which means that most of the top 100 cryptocurrencies do have a relatively low carbon footprint.
From the data found, there are only a minority of coins
