To the average person, green crypto seems like an oxymoron, right?
As an environmental action company that puts carbon offsets onto the blockchain, we are accustomed to people looking at us a little sideways when we tell them that’s exactly what we want to be, a green blockchain with a purpose. But that’s exactly what we’ve tried to create at the Land Betterment Exchange (LBX), by tokenizing carbon offset credits achieved through land remediation and restoring impacted land abandoned by fossil fuel companies. We found our purpose, and in the process created a win-win scenario for all the players involved, including environmental specialists, corporations looking to meet carbon pledges, local displaced workers, and, of course, the environment itself. We don’t, however, trick ourselves into thinking we are the only purposeful blockchain out there. We wouldn’t want to be anyway–when you are trying to fix the world, you want as much company as possible. So, below we are going to shout out five of our favorite green blockchain solutions that all try, in their own way, to make the world a little better. 1. Hedera Hedera relies on its revolutionary hashgraph consensus mechanism (https://hedera.com/how-it-works) to deliver faster and cheaper transactions at a fraction of the energy cost typical of blockchain.
Built around two key innovations—which they call “gossip about gossip” and “virtual voting”—hashgraph allows Hedera to provide a rapid, fair, stable, and secure platform that uses an average .00017 KWH per transaction, compared to Ethereal’s 102 KWH and Bitcoin’s staggering 885 KWH. Read that last part again—.00017KWH per transaction v. 885 KWH. There are fractions…and then there are fractions of fractions (of fractions). This energy efficiency does not, however, slow Hedera down. Quite the opposite, actually: It averages 10,000 transactions per second, compared to Bitcoin’s 3, for an average fee of $.0001 per transaction, compared to Bitcoin’s $22.57. Hedera isn’t just producing a more sustainable and scalable version of blockchain, it is making it more democratic and accessible to everyday people. Developers can mint and manage fungible and non-fungible tokens, record verifiable event logs for any app or permission framework, and deploy smart contracts in popular language to create centralized apps and protocols.
Continue reading: https://www.csrwire.com/press_releases/756411-we-love-5-green-blockchain-projects
As an environmental action company that puts carbon offsets onto the blockchain, we are accustomed to people looking at us a little sideways when we tell them that’s exactly what we want to be, a green blockchain with a purpose. But that’s exactly what we’ve tried to create at the Land Betterment Exchange (LBX), by tokenizing carbon offset credits achieved through land remediation and restoring impacted land abandoned by fossil fuel companies. We found our purpose, and in the process created a win-win scenario for all the players involved, including environmental specialists, corporations looking to meet carbon pledges, local displaced workers, and, of course, the environment itself. We don’t, however, trick ourselves into thinking we are the only purposeful blockchain out there. We wouldn’t want to be anyway–when you are trying to fix the world, you want as much company as possible. So, below we are going to shout out five of our favorite green blockchain solutions that all try, in their own way, to make the world a little better. 1. Hedera Hedera relies on its revolutionary hashgraph consensus mechanism (https://hedera.com/how-it-works) to deliver faster and cheaper transactions at a fraction of the energy cost typical of blockchain.
Built around two key innovations—which they call “gossip about gossip” and “virtual voting”—hashgraph allows Hedera to provide a rapid, fair, stable, and secure platform that uses an average .00017 KWH per transaction, compared to Ethereal’s 102 KWH and Bitcoin’s staggering 885 KWH. Read that last part again—.00017KWH per transaction v. 885 KWH. There are fractions…and then there are fractions of fractions (of fractions). This energy efficiency does not, however, slow Hedera down. Quite the opposite, actually: It averages 10,000 transactions per second, compared to Bitcoin’s 3, for an average fee of $.0001 per transaction, compared to Bitcoin’s $22.57. Hedera isn’t just producing a more sustainable and scalable version of blockchain, it is making it more democratic and accessible to everyday people. Developers can mint and manage fungible and non-fungible tokens, record verifiable event logs for any app or permission framework, and deploy smart contracts in popular language to create centralized apps and protocols.
Continue reading: https://www.csrwire.com/press_releases/756411-we-love-5-green-blockchain-projects
