In a tweet a couple of hours ago, Rockwood pointed at the significance of the proof-of-authority (PoA) consensus mechanism and VeChain’s group of reputable partners across the world.
He also specifically referenced VeChain’s environmental work and carbon reduction in conjunction with DNV, concluding that no blockchain platform is as green as VeChain (VET) in the crypto industry.
Jason Rockwood tweeted, “Subtweeting everyone…. I venture to say, between our POA consensus, work with sustainability clients around the world, association with DNV’s environmental work in oceans and carbon reduction… no mid or large cap blockchain is as green as VeChain.”
Subtweeting everyone…. I venture to say, between our POA consensus, work with sustainability clients around the world, association with DNV’s environmental work in oceans and carbon reduction… no mid or large cap blockchain is as green as VeChain. $VET $BTC $VTHO $ETH
— Jason Rockwood Ⓥ (@jasonrockwood) May 13, 2021
Suspension of Bitcoin (BTC) As a Payment Option
Obviously, the recent news about the suspension of Bitcoin (BTC) as a payment option by Tesla is the reason for Jason Rockwood’s recent tweet about VeChain’s capability as the best replacement.
The announcement was made by the CEO of Tesla, Elon Musk, via his official Twitter handle some hours ago. The notable action has generated tons of reactions from within and outside the crypto community.
Elon Musk wrote:
“Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.
“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come as great cost to the environment.
“Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.”
Bitcoin (BTC) and Crypto Markets Crash
Although the news is majorly about Bitcoin (BTC) but it has negatively affected virtually all cryptocurrencies in the market, including Ethereum (ETH), Binance Coin (BNB), VeChain (VET), among others.
The biggest cryptocurrencies in the market lost at least 7% of their accumulated prices following the unfavorable announcement.
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