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⚡️ The Road for a Greener Future for Crypto

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Hey Blockster, We are back with your daily dose of crypto content right from the best writers on Blockdesk. So, get your coffee ready and enjoy! Since Tesla chief Elon Musk criticized Bitcoin for its massive energy usage a few months ago, the environmental impact of cryptocurrencies has been at the center of discussion within the industry. And for a valid reason. BTC utilizes the energy-intensive Proof-of-Work (PoW) mechanism to reach a consensus within its network.  On the one hand, PoW offers Bitcoin rock-solid security against both internal and external threats like 51% attacks.  On the other hand, BTC's annual power consumption is higher than Finland's, which has raised red flags for some investors and market participants who are working to create a sustainable future. Unfortunately, Bitcoin is not the only cryptocurrency that amasses huge amounts of energy. Ethereum, the leading smart contract blockchain featuring the second-largest digital asset by market cap, also utilizes crypto mining via the PoW algorithm to secure its network. While Ethereum does not consume nearly as much energy as Bitcoin, it still uses more power than Greece in a year. Fortunately, the Ethereum community is aware of this issue. Developers seek to significantly decrease the smart contract blockchain's power consumption by transitioning to the greener Proof-of-Stake (PoS) consensus mechanism with the ETH 2.0 upgrade. However, that doesn't mean you have to wait until 2022 to invest in an eco-friendly digital asset.  In this Blockdesk article, you will find a collection of the greenest cryptocurrencies on the market right now, from which some consume even less energy than Visa's payment network. It's an excellent read you don't want to miss out on! As you might already know, there's no boring day in the crypto world. For that reason, we highly recommend checking out our collection with the best cryptocurrency stories from yesterday: Do CME Futures Expiries Cause Bitcoin Dumps? – The Chicago Mercantile Exchange (CME) introduced BTC futures back in December 2017. Since then, as crypto prices crashed about a month after its launch, the stock exchange's derivatives product has been historically considered a bearish instrument. But do CME's digital asset futures really have a negative impact or any effect at all on Bitcoin? Cryptocurrency Pairs - Why the Market Follows Bitcoin – Most of the time, the cryptocurrency market follows Bitcoin's price despite the fact that there are over 11K coins out there. Check out this informative piece to learn how crypto pairs are connected to BTC. Binance Winds Down Derivative Products in Germany, Italy, and the Netherlands – Binance, one of the most popular crypto exchanges, has been under increased regulatory scrutiny lately. And, now, the company decided to halt derivatives trading in three European countries to comply with regulators. The Most Promising Cryptocurrency Investments in 2021 – With thousands of cryptocurrencies on the market, it's a tough job to choose the best ones to hold in your portfolio. If you are in doubt, we recommend reading this informative article to learn about this year's most promising crypto investments. That's all for today; we hope you enjoyed our collection of Blockdesk articles. Stay tuned, as we will return with more tomorrow! Cheers, The Blockster Team © 2021 Blockster. All rights reserved This message was sent to lelakikelasmenengah@gmail.com by info@blockster.com Queensway, Midtown, Giblartar GX11 1AA, Gibraltar Unsubscribe | Manage Subscription | Forward Email

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