![]() QNT had a massive breakout from a month-long consolidation bout, reaching all-time highs of $61.7 on May 13.Zug, Switzerland - 15 December 2021 - Energy Web Token (EWT) staking will be launched very soon. It claims to be the first project to solve the interoperability problem through the creation of the first blockchain operating system. Quant was launched in June 2018 intending to connect blockchains and networks on a global scale, without reducing the efficiency and interoperability of the network. At the time of writing, EWT was trading at $17.53, up 35.17% in the last 24 hours. Energy Web Token (EWT) is the operational token behind the Energy Web Chain, a blockchain-based virtual machine designed to support and further application development for the energy sector.ĮWT aims to bring diversity to the energy sector by allowing developers to create decentralized applications (DApps). Nano surged from lows of $8.54 to intraday highs of $18.57, rallying nearly 100% following Elon Musk’s tweet of searching for cryptos that use less than a percent of BTC’s energy.Įnergy Web Token is another token that enjoyed a massive pump after Tesla’s CEO tweeted about searching for cryptocurrencies that use <1% of Bitcoin’s energy. Digiconomist estimates that compared to 950 kWh for each Bitcoin transaction, Nano uses just 0.112 Wh. Nano, although proof of work reliant, uses block-lattice technology, which is energy efficient. As of press time, Hedera Hashgraph was trading at $0.35, up 31.06% in the last 24 hours.Īccording to Leafscore, Nano remains a top choice as one of the leading energy-efficient and eco-friendly cryptocurrencies of 2021. Pawan Anand, Application Development Team Lead at Accenture stated that a report that focuses on the amount of power required to operate Bitcoin, Ethereum, and Hedera Hashgraph concluded that Hedera was the most sustainable blockchain technology. French utility giant Électricité de France (EDF) reportedly joined the governing council of Hedera Hashgraph in March, in a bid to become carbon neutral. With the debate on energy efficiency raging hot, enterprise blockchain solution, Hedera Hashgraph is another cryptocurrency that comes to mind. vested transfer by 100x and reduces fees/deposits by 50x.” Energy web token upgrade#This upgrade includes the code for Parachains, auctions, and Crowdloans reduces the min. It stated on May 12 ”Upgrade v0.9.1 passed council and is now a public referendum. Kusama’s climb to new all-time highs of $587 came off after the network announced the imminent opening of Kusama’s Parachain auctions, with its Testnet going live. Kusama is a scalable multi-chain network for radical innovation and early-stage Polkadot deployments. Also, senior analyst at, Jesse Cohen was noted to have pointed to Cardano’s ADA as one of the two cryptocurrencies with more sustainable environmental costs than Bitcoin. Why These Tokens RalliedĬardano’s (ADA) price rallied to new all-time highs of $2.03, as traders and analysts plow into a digital asset that states it’s a much less carbon-intensive alternative.Ĭardano CEO, Charles Hoskinson was earlier quoted to have stated that Cardano was 1.6 million times more energy-efficient than Bitcoin. Cryptocurrencies that instead use the ‘Proof of Stake’ consensus use far less energy, as do currencies using a technology called block-lattice, which doesn’t require mining. The debate for energy efficiency sparked off when Elon Musk tweeted “We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.”īitcoin uses a ‘Proof of Work’ algorithm which involves mining hash rate to produce a single token. ![]() ![]() The majority of Altcoins also traded in red except few selected tokens such as Cardano (ADA), Hedera Hashgraph (HBAR), Nano (NANO), Quant (QNT), Energy Web Token (EWT) which thrived due to the ongoing debate for energy efficiency. The cryptocurrency market plunged during early Thursday trading after Tesla CEO, Elon Musk stated that the electric car maker would no longer accept Bitcoin due to the rate of energy consumption when mining cryptocurrencies.īitcoin plunged to lows of $46,000 before recovering mildly to around $49,500 where it trades presently. ![]()
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