Mozilla Foundation Brings Back Crypto Donations, but Leaves out Bitcoin ($BTC) and Other Cryptos

The Mozilla Foundation, a non-profit organization that oversees the Mozilla Corporation, which is behind a number of internet-related applications including the popular Firefox web browser, is resuming cryptocurrency donations, but is leaving out numerous cryptos including Bitcoin ($BTC).

According to an announcement from the Mozilla Foundation, it started a “heated discussion about cryptocurrency” at the beginning of the year, even though it has been accepting crypto donations since 2014.

As CryptoGlobe reported, earlier this year Mozilla revealed it was using BitPay to accept donations in cryptocurrencies including BTC, Ethereum ($ETH) and Dogecoin ($DOGE)- Its supporters and staff rallied against it accepting cryptocurrency donations over the environmental impact of some assets.

Mozilla noted it hadn’t reassessed its decision to accept crypto since it published its climate commitments, and has since reviewed its move to determine “if and when Mozilla should accept cryptocurrency donations.”

In its announcement, Mozilla detailed it will no longer accept cryptocurrencies using Proof-of-Work (PoW) consensus algorithms as these are more energy-intensive. The announcement adds:

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.

Bitcoin and Ethereum currently use PoW algorithms, although the latter is set to move to Proof-of-Stake in the near future. Cryptocurrencies like Solana (SOL), Cardano ($ADA) and Tezos ($XTZ) use PoS consensus algorithms and are, as such, likely to be accepted.

Notably, other organizations have also stopped accepting cryptoassets over environmental concerns. Last year, and after investing $1.5 billion in BTC, Tesla dropped payments in the flagship cryptocurrency over these concerns. Tesla, later on, added DOGE as a payment method on its website.

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