Our Crypto: Environmental Friendliness and Sustainability
The Environmental Challenges of Traditional Crypto
The traditional crypto market faces significant challenges in terms of sustainability. Proof of Work (PoW), used by Bitcoin, is especially problematic due to its extremely high energy consumption. Processing a single transaction can consume as much electricity as the CO₂ emissions of a car driving thousands of kilometers. This causes substantial environmental harm and highlights the need for a more sustainable alternative.
Our Solution: Proof of Transaction Velocity (PoTV)
We introduce Proof of Transaction Velocity (PoTV), a revolutionary consensus mechanism designed with environmental sustainability in mind. Instead of relying on complex and energy-intensive computations, PoTV focuses on the number of transactions a node can process within a specific timeframe. This not only ensures a more efficient network but also drastically reduces energy consumption.
How Does PoTV Work?
With PoTV, nodes process transactions as quickly as possible within a defined time limit, for example, 10 seconds. The number of processed transactions determines the node’s Transaction Velocity Score (TVS). The higher the TVS, the greater the chance the node will be selected as the validator to add the next block to the blockchain. This system:
- Avoids Energy Waste: No need for powerful hardware or excessive energy usage.
- Encourages Efficiency: Nodes are rewarded based on performance, not brute force.
- Reduces CO₂ Emissions: Energy consumption is far lower compared to traditional methods like PoW.
Sustainable Specifications
- Lightweight Software: Our node software is designed to require minimal computing power. This means even simple devices can run the software without significant impact on performance or energy usage. Additionally, the software can be integrated into websites, enabling bloggers, for example, to generate extra income without additional environmental strain.
- Inflation Management: Our network generates a fixed number of new coins annually (750,000), which are entirely allocated to validators. This controlled inflation keeps transaction costs low and the network sustainable.
Why Our Crypto Is the Future
Our approach demonstrates that cryptocurrency does not have to come at the expense of the planet. With PoTV, we offer a scalable and environmentally friendly solution that significantly reduces the crypto market’s carbon footprint.
Moreover, our crypto is prepared for stricter regulations and market changes. Sustainable projects have a longer lifespan and a greater chance of success. By investing in eco-friendly technology, we not only make the crypto market more sustainable but also build a stronger, greener future.
Moving Forward Together
We believe in a world where technology and sustainability go hand in hand. Our crypto is more than just a digital currency; it is a step towards a greener future. By choosing our environmentally friendly approach, you contribute to a more sustainable world while investing in a stronger and more stable financial ecosystem.