Mozilla resumes crypto donations but rejects Bitcoin
The Mozilla Foundation has announced it will accept donations in proof-of-stake cryptocurrencies
The Mozilla Foundation has decided to resume the ability to accept cryptocurrency donations in the near future, according to a blog post published by Executive Director Mark Surman.
However, it has banned energy-consuming “proof-of-work” cryptocurrencies, meaning it does not accept donations in Bitcoin.
Ethereum, the second largest proof-of-work cryptocurrency, is expected to switch to proof-of-stake later this year. Power consumption is expected to drop by 99.95% after the long-awaited upgrade.
Surman explains that proof-of-work cryptocurrencies can “significantly increase” the foundation’s greenhouse gas footprint, preventing them from meeting the foundation’s climate commitments.
Mozilla is coming up with a list of cryptocurrencies that will be accepted by the foundation by the end of the second quarter of 2022.
The nonprofit behind the Firefox web browser started accepting cryptocurrency donations way back in 2014. As reported by U.Today, it pulled the plug on crypto in early January after its tweet sparked serious backlash. Mozilla founder Jamie Zawinski rejected the basis for supporting “planet-burning Ponzi grifters.”
The decision to suspend donations due to criticism also proved controversial, with many members of the cryptocurrency community accusing the foundation of giving in to the internet mob. The co-founder of Dogecoin, Billy Markus, was among those who disagreed that Mozilla backed down on crypto donations.
The most recent decision to exclude proof-of-work cryptocurrencies is likely to upset the Bitcoin community. Its members argue that concerns about the negative environmental impact of the largest cryptocurrency are exaggerated.
As reported by U.Today, International Animal Rescue (IAR) has also dropped support for crypto donations due to climate-related concerns.