Mozilla Foundation resumes the ability to accept cryptocurrency donations but rejects Bitcoin
According to a blog post published by executive director Mark Surman, the Mozilla Foundation has announced that it will resume accepting donations in Proof-of-Stake (PoS) cryptocurrencies.
Mozilla resumes crypto donations but rejects Bitcoin
It has, however, outlawed energy-intensive “proof-of-work” cryptocurrencies, which means it will no longer accept Bitcoin donations.
Later this year, Ethereum is anticipated to migrate to Proof-of-Stake. After the much-anticipated improvement, its energy usage is estimated to shrink by 99.95%.
Proof-of-work cryptocurrencies, according to Surman, can “significantly” raise the foundation’s greenhouse gas footprint, preventing it from reaching its climate obligations.
By the end of the second quarter of 2022, Mozilla will have compiled a list of cryptocurrencies that it will accept.
In 2014, the non-profit company behind the Firefox web browser began taking bitcoin payments. It abandoned cryptocurrency in early January amid a public outcry over a tweet. Jamie Zawinski, the creator of Mozilla, criticized the organization for funding “planet-incinerating Ponzi grifters.”
Many Bitcoin community members accused the foundation of giving in to the online mob when it decided to halt donations in response to criticism. Billy Markus, the co-founder of Dogecoin, was one of the critics of Mozilla’s reversal of crypto contributions.
The Bitcoin community is likely to be outraged by the recent decision to exclude proof-of-work cryptocurrencies. Its members argue that fears regarding the largest cryptocurrency’s detrimental environmental impact are exaggerated.
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