BitGreen is a sustainable cryptocurrency, built with proof-of-stake. The BitGreen blockchain is designed for sustainability & energy-efficient transactions.
BitGreen (BITG) is built on 'The Green Protocol,' which uses energy-efficient proof-of-stake to create the first green blockchain. BitGreen can be mined by all holders on any computer or laptop without specialized equipment.
The BitGreen Foundation is a non-profit organization focused on reducing energy-consumption worldwide. The BitGreen Foundation aims to shed light on a number of critical issues facing proof-of-work based blockchains and raise public awareness for the environmental and economic problems arising from sustainability issues worldwide.
Stake your coins, while you trade
BitGreen (BITG) is the sustainable cryptocurrency built for energy-efficient transactions on the green blockchain. BitGreen is a decentralized, peer-to-peer transactional currency designed create a solution to the problematic exponential increase in energy consumed by other proof-of-work currencies.
The Green Protocol
The BitGreen team has designed a revolutionary new consensus mechanism called 'The Green Protocol,' an energy efficient, extremely fast proof-of-stake and masternode mining agreement to act as a sustainable replacement for Bitcoin’s current proof-of-work algorithm. Here's how it works:
1. PROOF-OF-STAKE AND
Proof-of-stake is an energy-efficient, scalable, and intuitive consensus mechanism that uses economic incentives to secure a blockchain network. In proof-of-stake, your mining rewards are proportional to the number of coins you hold in the network.
This differs to Bitcoin mining operations, which require high-powered computers to perform proof-of-work calculations that are not efficient, scalable or sustainable.
2. COMBINATION WITH FIXED
In proof-of-stake, block rewards are distributed to coin holders instead of third-party miners. The cryptocurrency’s inflation flows to coin holders in an amount proportional to their staked collateral. This is a key advantage of proof-of-stake. There is no longer a distinction between miners and everyday users.
In proof-of-work currencies, the cryptocurrency’s inflation flows to the third-party miners, which means the holders of the coin are hurt by inflation
3. CREATION OF A FAIR
DISTRIBUTION OF COINS
With proof-of-stake, all members of the cryptocurrency ecosystem have their economic incentives aligned to improve the network’s technology and encourage widespread adoption. The addition of masternode governance makes decisions efficient and verifiable on the blockchain. Large holders of coin are incentivized to benefit BitGreen
Proof-of-stake works because it requires users to own a very large amount of currency in order to pose a threat to the network.
Our objectives extend beyond building out a sustainable, energy efficient, and secure cryptocurrency. We aim to use the BitGreen blockchain as a collective effort to become sustainable worldwide. As part of our long-term mission, in July 2019 we finally opened a US-based non-profit called The BitGreen Foundation.
The BitGreen Foundation is a non-profit organization focused on incentivizing sustainability by rewarding energy-efficient behaviors. The BitGreen Foundation is building the BitGreen Mobile App which is designed to reward consumers for energy efficient decisions with popular service providers. The BitGreen Foundation believes in proof-of-stake as the future of blockchain and the solution to Bitcoin’s energy consumption problem. The BitGreen foundation is creating solutions that use BITG to reward sustainability at the consumer level.
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BitGreen (BITG) is currently trading on these exchanges.