By Solomon Odunayo
A Stellar Lumens enthusiast took to Twitter a few days ago to compare the carbon emission footprint of Bitcoin (BTC), Ethereum (ETH), Stellar Lumens (XLM), and the payment giant Visa.
Considering the data shared by the user, Stellar Lumens (XLM) came on top as an asset with the lowest carbon emission footprint, which makes it the best for payment and the environment.
Read Also: World’s Leading Asset Manager with over $1.4 Trillion To Issue New Fund on Stellar Blockchain
How It Started With Elon Musk
The carbon footprint of cryptocurrencies, especially Bitcoin (BTC), the first and largest cryptocurrency, has been a hot topic in the crypto ecosystem over the past week.
The discussion was initiated by the CEO of Tesla, Elon Musk, who slammed Bitcoin miners for using fossil fuel for their mining operations rather than renewable energy.
The billionaire tech expert decided to temporarily remove Bitcoin (BTC) as Tesla’s payment option until the issue with carbon footprint is addressed and renewable energy constitutes Bitcoin mining operations.
Read Also: Square Has No Plans for New Bitcoin Purchase, Says Carbon Footprint Must Be Addressed
The action initiated a major drop in the price of Bitcoin (BTC) and other cryptocurrencies. The crypto market is still struggling to recover from the devastating crash.
Stellar Lumens (XLM) Is Better For the Environment
Ever since, various crypto projects have been coming up with proofs that make them the greenest in the crypto ecosystem, which prompted a Stellar Lumens community member to share the data that compares Bitcoin, Ethereum, Stellar (XLM), and Visa in various aspects, including Primary Function, Funds Cleared, Transactions per second, Transaction cost, Energy per transaction and Carbon emitted per transaction.
Considering the data, Stellar Lumens (XLM) leads in every aspect, especially the carbon emitted per transaction, which makes the digital asset the best for payment and environment among the other three means of payment on the list.
Read Also: Grayscale Keeps Buying XLM as Institutional Interest in Stellar Increases; Horizon 2.0 Released
Captioning the image of the data, the user tweeted, “Hey Elon Musk, Stellar Lumen’s (XLM) CO2 emissions footprint is tiny! Best and more importantly proven crypto there is.”
Hey @elonmusk Stellar Lumen's (XLM) CO2 emissions footprint is tiny! Best and more importantly proven crypto there is. pic.twitter.com/9bFDzgidGq
— r32godzilla (@r32godzilla) May 17, 2021
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