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Mozilla announces support for only Proof-of-Stake assets as it resumes crypto donations

John KumiBy 0Edited by John Kiguru 14. April 20223 Mins Read
  • Earlier this year, Mozilla announced that it had halted donations in cryptos.
  • It has officially resumed support for crypto donations, however, it only accepts donations in Proof-of-Stake cryptos like Solana, Cardano, and Polkadot.

Mozilla, the company behind the Firefox Internet Browser, has resumed donations in cryptos. However, it only accepts donations in Proof-of-Stake cryptos like Solana, Cardano, and Polkadot. This means donations in Proof-of-Work (PoW) cryptos like Bitcoin, Dogecoin, and Litecoin are not welcomed. The company has also stated that it will update stakeholders with the list of Proof-of-Stake (PoS) cryptos accepted for donation in Q2 2022.

Mozilla started accepting donations in Bitcoin in 2014 until serious criticism was mounted on Proof-of-Work cryptos for their high emission of carbon dioxide into the atmosphere. 

Earlier this year, Mozilla announced that it had halted donations in cryptos. It further disclosed that it is reviewing the environmental impact of crypto mining. Many reports have already established that PoW crypto mining consumes a high amount of energy. 

Ethereum, for instance, is said to consume about 112 terawatt-hours of electricity per year, more than what Pakistan and the Philippines are using. Proof-of-Stake cryptos, on the other hand, conserve more than 99 percent energy. 

Mozilla’s decision not to accept Proof-of-Work donations ensures that our fundraising activities remain aligned with our emissions commitment.

Mozilla crypto review after criticisms

Mozilla earlier assured that it would reduce its greenhouse gas footprint, and so its decision is based on its commitment to climate. 

In our climate commitments, we also promised to help develop, design, and improve products from a sustainability perspective. We believe that Mozilla can play a positive role in the industry by encouraging those cryptocurrencies that we do accept to be transparent about their energy consumption patterns.

After it earlier announced that it is accepting donations in Bitcoin, Mozilla founder, Jamie Zawinski who stopped working for Mozilla.org in 1999 expressed his disappointment via a comment. Also, Peter Linss, the Gecko engine creator lashed out at them, stating they were meant to be better than this. Mozilla’s swift decision to suspend crypto donation was lauded by both Linss and Zawinski.

Zawinski wrote:

I am happy for whatever part I played in getting them to rescind that terrible decision. Cryptocurrencies are not only an apocalyptic ecological disaster, and a greater-fool pyramid scheme, but are also incredibly toxic to the open web, another ideal that Mozilla used to support. So I hope that after they “conduct their review”, the conclusion they reach is the obvious one: “Bury it in the desert. Wear gloves.”

The campaign against Bitcoin and other Proof-of-Work cryptos has not faded out as several gaming platforms have been heavily criticized for their NFT efforts. Last year, Tesla was subjected to serious criticisms forcing it to rescind its decision to accept Bitcoin as a payment option.

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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

John is a seasoned cryptocurrency and blockchain writer and researcher, boasting an extensive track record of years immersed in the ever-evolving digital frontier. With a profound interest in the dynamic landscape of emerging startups, tokens, and the intricate interplay of demand and supply within the crypto realm, John brings a wealth of knowledge to the table. His academic background is marked by a Bachelor's degree in Geography and Economics, a unique blend that has equipped him with a multifaceted perspective. This diverse educational foundation allows John to dissect the geographical and economic factors influencing the cryptocurrency market, offering insights that go beyond the surface. John's dedication to the crypto and blockchain space is not merely professional but also personal, as he possesses a genuine passion for the technologies that underpin this revolutionary industry. With his astute research skills and commitment to staying at the forefront of industry trends, John is a trusted voice in the world of cryptocurrencies, helping readers navigate the complex and rapidly changing terrain of digital assets and blockchain innovation. John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

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