Carbon emission is an essential factor in the prevalence of crypto projects and their mainstream deployment. For example, Elon Musk refused Bitcoin payments for Tesla products due to the extravagant Carbon emissions. Research shows Dogecoin reduced its carbon emissions by 25% in 2022. Dogecoin blockchain uses 0.12 kWh to execute a transaction, while Bitcoin uses 707 kWh to do the same job. With 71.4 million transactions, Bitcoin has burnt 75,766,894,371 kWh and emitted an estimated amount of 56.8 million tons of carbon in 2022. Dogecoin blockchain, however, executed more than 1.08 billion transactions in 2022 using 48,851 kWh and emitting 37 tons of carbon. The reduced carbon emissions and the public support for Dogecoin have placed it among the top ten crypto assets listed at CoinMarketCap.
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