Blockchain

Polkadot Wins “Green Blockchain” Title

Polkadot Wins "Green Blockchain" Title

According to the latest data, Polkadot is starting to become the “greenest” layer 1 blockchain. Ethereum will also move from Proof-of-Work to an eco-friendly Proof-of-Stake mechanism.

Polkadot Wins "Green Blockchain" Title 3

Although Tezos has similar consumption stats, it is still inferior to Polka’s scalability. Although Tezos has similar consumption stats, it is still inferior to Polka’s scalability.

Polkadot Insider also posted a tweet about the top-performing projects on the network. The list is calculated using the Galaxy Score, which assesses the overall health and quality of the project tokens.

According to the update, ChainX is the best rated project on Polka with an index value of 59. It is followed by Moonbeam at 58 and TribeOne at 57. This is followed by DOT at $242.7 million. Coming in third is the MXC token with a much lower trading volume at $27.8 million.

The DOT recently showed optimism with a weekly gain of more than 3%. The token is trading at $7.33 at press time and is also supported by a 30% increase in trading volume in 24 hours.

DOT daily chart. Source: CoinMarketCap

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.