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Apr 13, 2022
by Jafrin Ahmed
Mozilla Will Now Only Accept Proof-of-Stake Crypto Donations
The company behind the Firefox internet browser Mozilla has decided to resume accepting cryptocurrency donations. However, the company will now only accept proof-of-stake cryptos in favor of the energy-intensive proof-of-work coin such as Bitcoin (BTC).
Mozilla Ditches Bitcoin in Favor of PoS Cryptos
In response to a backlash over Mozilla’s environmental stance by announcing earlier this year that it would start accepting donations in the form of BTC and Ethereum (ETH), the company has now updated its policy on crypto donations.
According to the updated policy on crypto donations, Mozilla will no longer accept ‘proof-of-work’ cryptocurrencies, which are more energy-intensive, and instead will accept only the ‘proof-of-stake’ cryptocurrencies in line with its “climate commitments.”
Mozilla stated that it will develop and share a list of cryptocurrencies we accept by the end of Q2 2022. Some of the most popular PoS cryptocurrencies include BNB Chain (BNB), Solana (SOL), Avalanche (AVAX), Tron (TRON) Tezos (XTZ) among others.
“These decisions are informed by our climate commitments. In January 2021, Mozilla pledged to significantly reduce our greenhouse gas footprint year over year, aiming to exceed the net-zero emissions commitment of the Paris Climate Agreement. Mozilla’s decision not to accept proof-of-work donations ensures that our fundraising activities remain aligned with our emissions commitment,” Mozilla stated in its announcement release.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.