Crypto confidence level elevation

Sometimes, the distinction between coins and tokens in the realm of crypto can get a bit murky. In essence, they both refer to digital assets within the crypto universe.

Coins typically hail directly from their own blockchain, think Bitcoin, Ethereum, Tron, NEM, and the list goes on. On the other hand, tokens are often born from existing chains via protocols or smart contracts, like USDT-stablecoin, Shiba Inu, AAVE, UNI, and MKR.

Elon Musk recently sent shockwaves through the crypto community by announcing Tesla’s suspension of Bitcoin payments, citing environmental concerns due to its energy-intensive mining process.

However, hope emerged when Musk hinted at collaboration with Dogecoin developers to enhance transaction efficiency. While Dogecoin holders rejoiced, many saw this as a potential shift from Proof of Work (POW) to Proof of Stake (POS), reminiscent of Ethereum’s journey to dominance.

The rise of DeFi and NFTs has exacerbated gas fees, prompting frustration among users but joy for miners. Transitioning from POW to POS could mitigate energy consumption and boost transaction throughput, signaling a greener future for crypto.

Reflecting on crypto’s evolution, from blockchain technology to coins/tokens, underscores growing confidence in digital assets. Today, amidst heightened liquidity and environmental scrutiny, the question shifts from “Is crypto safe to invest in?” to “Which token offers greener transactions?”

In this landscape, the age-old query of which crypto is the greenest takes on new relevance. It’s a journey toward sustainability in a rapidly evolving digital ecosystem.