Ethereum 2.0: a green alternative to the old currency


The deployment of the Ethereum 2.0 blockchain began in December 2020, and the process should be completed as early as 2022. The improved protocol just uses a faster, more efficient and less energy-intensive PoS mechanism.

While Bitcoin gained more than 60% in 2021, Ethereum grew from $738,912 to $3,846,255 in a year, i.e. more than five times. By the time of writing, Ethereum had dropped to $3693.14, which corresponds to an increase of almost 400%.

One of the reasons for the advancing dynamics of Ethereum is the upcoming release of Ethereum 2.0, which will make the network more environmentally friendly, fast and efficient.

Cardano is another eco—friendly currency

On December 28, Cardano (ADA) took the sixth place in the rating of cryptocurrencies. At the level of $ 1.47 per token, the capitalization of ADA was $ 50.139 billion. Even after the decline to $ 1.33, it remained in the sixth position with a capitalization of $ 45.52 billion.

Cardano represents the evolution of the Ethereum protocol, and ADA is the internal token of the Cardano blockchain (a flexible, stable and scalable platform that supports smart contracts and the ability to deploy decentralized financial applications). Cardano was developed by Charles Hoskinson, co-founder of the Ethereum platform.

Cardano is more energy efficient than Bitcoin because it uses a proof-of-ownership mechanism.

On December 31, 2020, ADA closed at 17.53 cents; over the next 12 months, the currency grew more than eight times, leaving behind both bitcoin and ether. Even at today’s $1.33, the annual increase is 600%.