Cryptocurrencies, particularly Bitcoin (BTC), have been criticized in the past for their environmental and social impact. The mining process requires significant amounts of computational power and energy. For example, it is estimated that the power consumption of the Bitcoin network is currently equivalent to that of a small country. As many people know, there are also concerns about the social implications, with critics arguing that the decentralization and anonymity of the industry could facilitate illegal activities such as money laundering and tax evasion.

However, many projects have been actively promoted as socially conscious, which aim to empower individuals and communities by giving them greater control over their digital assets and data. big eyed coin (BIG), Ethereum (ETH), and Solana (SOL) are known to be some of the best coins on the market, regularly making green upgrades and giving back to the community.

Big Eyes Coin – Hunger for Change

A relatively new entry to the market, Big Eyes Coin will run on the Ethereum blockchain. Their goal is to improve the use of DeFi by adding money to the ecosystem and improving accessibility. It will benefit from the social media success of meme coins, marketing dominance, DeFi benefits, and demand for its NFTs. The coin is currently in its ninth round of pre-sale and has raised $16.6 million, an already outstanding achievement.

The benefit of being community-centric means that the coin is already ready to be socially aware. The project committed to setting aside 5% of the total supply to keep in a charity wallet and donate to charities that save the oceans. The tagline for the cat-themed tokens is “Healthy oceans produce delicious cat food.” This is a clear win for environmentally conscious cryptocurrency enthusiasts.

Other features of the project include an impressive new returns calculator on the Big Eyes Coin website that automatically connects buyers’ wallets and shows you exactly how much you can earn as it shows projected price inflation. In addition to offers like LAUNCHBIGEYES200, which offers a 200% bonus on its tokens, it’s easier than ever to join the community of socially conscious cat lovers.

Solana Energy Efficient Proof of Stake System

Solana is a blockchain platform that aims to provide fast, efficient, and low-cost transactions for decentralized applications. One of the ways that Solana intends to achieve this is by using a proof-of-stake (PoS) mechanism that is more energy efficient compared to the traditional proof-of-work (PoW) mechanism used by Bitcoin and many other cryptocurrencies. This works because PoS reduces power consumption by eliminating the need for specialized hardware and large amounts of electricity to solve complex mathematical equations.

Community-led Ethereum

Similarly, Ethereum is a decentralized platform focused on the creation and execution of smart contracts. The network also recently moved from a PoW-based system to a PoS system, so it uses less power. Its community is also actively exploring ways to improve energy efficiency and reduce its environmental impact, for example by using off-chain solutions or Layer 2 scaling solutions, such as Plasma and Optimistic Rollups.

One socially conscious effort undertaken is the Ethereum Foundation Scholarship Program. This initiative aims to help narrow the gaps in representation by supporting the underrepresented individuals and communities that will become the future of Web3.

final thoughts

While the history of cryptocurrencies did not do much for the environment or society, there have been significant improvements as many coins like Big Eyes Coin, Solana, and Ethereum can attest to. The crypto industry is still relatively new and constantly evolving, and solutions to these challenges from the past are likely to continue to develop in the future.

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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WARNING: Investing in crypto assets is not regulated, may not be suitable for retail investors and the entire amount invested could be lost

IMPORTANT NOTICE: Investing in crypto assets is not regulated, may not be suitable for retail investors and the entire amount invested may be lost

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By yjawq

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