Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Last year, Shiba Inu Coin and other cryptocurrencies such as Ethereum and Bitcoin had their greatest year ever.
Many people made risky trades based only on runaway rumours and daily digital financial data.
The currencies, however, have brought in billions of dollars for investors, opening the door for future market success.
Unlike paper, cryptocurrency is a digital commerce that requires an enormous amount of computer power to function.
This means that individuals investing in cryptocurrencies are supporting an ecologically damaging industry that is perpetually increasing their carbon footprints.
A globally reliant market on power promotes climate ignorance and diminishes the industry’s overall sustainability; nevertheless, particular currencies appear to be more environmentally sensitive.
HUH token, is a cryptocurrency that has announced a partnership with Eden Reforestation Projects that will soon be revealing their release date and end of pre-sale. That announcement is due this Thursday.
As mentioned, crypto mining makes it mandatory for multiple, global, energy-intensive computations. Cryptocurrency enthusiasts argue the importance of these widespread calculations by saying that because it doesn’t rely on a trusted middleman or a single point of failure, it has major advantages over centralised currencies and therefore is worth the expenditure.
According to researchers at Cambridge University, Bitcoin needs 121.36 Terawatt-hours of power a year to run its system, which is nearly the amount required to power Norway and more than the whole country of Argentina. From average calculations, the energy it uses in a single hour could power all kettles in the UK for 27 years.
As time goes on and more bocks in the chain fill, the calculations required to solve the strings become longer. This means that, over time, the network will require more raw computing power and energy to achieve the same number of transactions.
This continuous climb in electronic consumption does not only increases energy use but results in building carbon emissions. Bitcoin seems to be intentionally oblivious to the environmental impact of its ambitions. This isn’t a novel concept, as most other cryptocurrencies are just as unconcerned with their environmental effect; however, there are several emerging Tokens that are more in tune with their ethics, demonstrating ecological sensitivity.
One Cryptocurrency that is claiming to be exactly this is the HUH Token. Will the HUH nation sprout forth and harbour a new age for community lead innovation?
One Million Reasons
HUH Token’s partnership with Eden Reforestation Projects is providing one million trees, each tree to represent each new HUH Token holder.
You can discover the HUH Token logo among EDEN’s Million Tree Partners here – https://edenprojects.org/partners/seed-partners-4/
A mature tree absorbs roughly forty-eight pounds of carbon dioxide, This means that the EDEN programme has the capacity to absorb 48 million pounds of carbon dioxide in a single year. A drastic comparison to Bitcoin’s Terra-watt feast.
According to the HUH Token creators’ website, they have created a way for investors to earn extra money passively through a carefully designed referral system. The designers’ purpose, according to them, is to challenge present dynamics and establish a source of income for everyone – a commendable ambition that appears to be motivated by compassion in a drive for generational wealth.
Let’s hope that this is a sign of a more environmentally ethical trend in cryptocurrencies of the future.