Mozilla Changes Crypto Donation Policy to Only Accept POS Currencies

Mozilla – the non-profit behind the Firefox browser – has revised its crypto donation policy following backlash online about the technology’s energy use. Now, it will continue to accept some cryptos, but refuse Bitcoin and other proof of work cryptocurrencies. Proof of work (POW) cryptos require electricity/ computing power for users to compete to construct a block of transactions. By contrast, proof of stake (POS) cryptocurrencies make users stake their crypto holdings for the right to create a block. This…