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Last week, Mozilla Foundation CEO Mark Surman posted a message that the software community was suspending cryptocurrency donations. The Mozilla team decided to take a closer look at the impact of cryptocurrencies on the environment and share the results of the review.
… we are updating our donation policy. Mozilla will no longer accept proof-of-work cryptocurrencies, which are more energy intensive.
Mozilla will accept proof-of-stake cryptocurrencies, which are less energy intensive. The company will publish a list of accepted cryptocurrencies by the end of the second quarter of 2022, Surman added.
The top manager added that this decision is based on the organization’s climate commitment to “zero emissions into the atmosphere, stipulated by the Paris climate agreement”
The Mozilla Foundation believes that proof-of-work (PoW) digital assets “significantly increase our greenhouse gas emissions.” By ceasing to accept PoW cryptocurrencies, Mozilla’s obligations will continue.
#Mozilla #Stops #PoWBased #Cryptocurrency #Donations
