Despite huge backslash on crypto adoption, Mozilla is stepping to go with crypto-based donations to sustain its future.
Mozilla is a popular internet browser, which is available for almost every type of device. Mozilla Foundation is a non-profit organization, which works behind Mozilla Corporation as a management agency. Mozilla foundation started to accept donations in crypto in 2014.
In late 2021, Mozilla Foundation announced that Foundation will accept cryptocurrencies like Bitcoin, and Ethereum under the support of the Crypto payment network Bitpay. But at that time Mozilla foundation started to face criticism. The majority of the critics said that the Mozilla foundation is doing wrong because such support to the crypto industry will only increase environmental issues. After that, Mozilla Foundation announced to stop accepting donations in cryptocurrencies.
Last week, the Mozilla foundation informed its followers that they again started accepting donations in cryptocurrencies.
On 8 April, Mozilla quoted its old tweet of January, where it suspended to use of crypto donations methods for its ecosystem, and confirmed that the foundation will accept only those cryptocurrencies, which are better in terms of environmental health, which will exclude the Proof-of-Work based cryptocurrencies.
The announcement also asserted that Foundation will Focus on the Proof-of-stake Consensus-based cryptocurrencies, which are more eco-friendly than Proof-of-work Consensus-based blockchain.
“Mozilla will accept ‘proof-of-stake’ cryptocurrencies, which are less energy-intensive. Mozilla will develop and share a list of cryptocurrencies we accept by the end of Q2 2022.”
Here Mozilla foundation team will perfectly figure out the perfect crypto assets list to accept donations, which will be based on Proof-of-stake Consensus. Interestingly here it will avoid Bitcoin, Ethereum, Dogecoin, and Litecoin like crypto-assets dominantly.
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