Dogecoin carbon emissions down by 25% following Elon Musk collaboration

Research shows that Dogecoin (DOGE) was the lone memecoin successful 2022 to proactively trim its c footprint — a cardinal metric for mainstream adoption —  by 25% successful 1 year, acknowledgment to the involution of developers and Tesla CEO Elon Musk.

One of the main reasons why Musk backtracked connected accepting Bitcoin (BTC) payments for Tesla was precocious c emissions. At the time, helium believed that Dogecoin — “even though it was created arsenic a silly joke” — was amended suited for transactions.

Working with Doge devs to amended strategy transaction efficiency. Potentially promising.

Owing to proactive efforts from Musk and the members of the Dogecoin ecosystem, Dogecoin saw a 25% alteration successful its yearly CO2 emissions. Compared to the 1,423 tons of emissions Dogecoin released successful 2021, it was reduced to 1,063 tons successful 2022, shows Forex Suggest research.

Annual CO2 emissions for apical cryptocurrencies. Source: Forex Suggest

While Ethereum (ETH) witnessed the biggest simplification successful CO2 emissions successful 2022 aft transitioning to a proof-of-stake statement mechanism, its yearly emanation eclipsed Dogecoin by 8.3 times.

Reduced c footprint and ample assemblage enactment positions Dogecoin arsenic a viable fiscal instrumentality successful 2023.

Related: The real-life canine down memecoin DOGE is earnestly ill

When it comes to year-long terms show amid 2022 carnivore market, DOGE held up overmuch amended than astir of the apical assets connected the crypto market.

The memecoin emerged arsenic the third-best performer successful the apical 10 database aft XRP (XRP) and Binance coin (BNB). Evidently, DOGE besides outperformed its biggest contention Shiba Inu (SHIB), arsenic the SHIB assemblage focuses connected gathering a layer-2 network, a metaverse and blockchain games.