Are all cryptocurrencies heavy energy consumers?

Cryptocurrency has always received a lot of criticism due to its large carbon footprint and harmful environmental impact, with market leaders Bitcoin and Ethereum consuming the same amount of energy as a medium-sized country.

But the awareness has been significant, thus leading to more & more currency creators coming out with currencies that won’t be energy guzzlers. Although many digital currencies (especially earlier ones) require substantial computing power, there are also plenty of greener alternatives. One major reason that has enabled this to happen is a switch from the original proof-of-work model to the more efficient proof-of-stake model to validate transactions.

Solana, Cardano, XRP, Nature’s Vault, Algorand, etc., have emerged as some of the leading players in the greener crypto market.

With the growing hate towards the mainstream cryptocurrencies, does that mean that it’s time for a new crypto market to lead the new world?