Mozilla Resumes Crypto Donations but Rejects Bitcoin

cryptocurrency

The Mozilla Foundation has announced that it will resume accepting 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 by executive director Mark Surman.

However, it has banned energy-guzzling “proof-of-work” cryptocurrencies, meaning that it won’t take donations in Bitcoin.

Ethereum, the second-largest proof-of-work cryptocurrency, is expected to transition to proof-of-stake later this year. Its 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 it from meeting the foundation’s climate commitments.

Mozilla will provide a list of cryptocurrencies that will be accepted by the foundation by the end of Q2 2022.

The non-profit organization behind the Firefox web browser started accepting cryptocurrency donations all the way back in 2014. As reported by U.Today, it pulled the plug on crypto in early January after its tweet caused severe backlash. Mozilla founder Jamie Zawinski slammed the foundation for supporting “planet-incinerating Ponzi grifters.”

The decision to suspend donations due to criticism has also proven controversial, with many in the cryptocurrency community accusing the foundation of caving in to the internet mob. Dogecoin co-founder Billy Markus was among those who took issue with Mozilla’s rollback on crypto donations.

The most recent decision to exclude proof-of-work cryptocurrencies will likely upset the Bitcoin community. Its members claim that concerns about the negative environmental impact of the largest cryptocurrency are overblown.

As reported by U.Today, International Animal Rescue (IAR) has also dropped support for crypto donations due to climate concerns.

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