BitcoinClean aims to overcome the issue of vast energy consumption with high carbon emissions for mining digital currencies by exclusively using renewable energy. Therefore bitcoin Clean introduces the proof-of-greenness protocol to verify the use of green energy.
BitcoinClean will be the first coin mined only with renewable energy. It relies on a network that is powered by Solar, Wind, Hydro, Thermal, Biogas or Tidal energy. Every node must undergo a peer review to participate in the network.
BitcoinClean, a bitcoin hardfork, is the first coin mined only with renewable energy. It relies on a network that is powered by Solar, Wind, Hydro, Thermal, Biogas or Tidal energy. Every node must undergo a peer review to participate in the network.
The Bitcoin hardfork was successfully conducted on Tuesday, April 18th, 2018, 5:26:13 PM (UTC), Block #518.800.
“How does this idea work?” Well, here is the explanation.
bitcoinClean introduces an algorithm called proof-of-greenness. PoG works like this: If Bob wants to mine bitcoinClean he has to convince other miners that he uses only renewable energy. So Bob publishes some documents and photos about his setup, and a utility bill from his green-energy provider.
Alice, John and Mark see that, and upvote his proof. At about 3–5 upvotes Bob can start mining. How many upvotes Bob needs depends on the Impact Alice, John and Mark have. Impact is another aspect of the proof of greenness algorithm.
As a miner gains impact his vote on other miners gets more weight. Impact starts with literally 0, which means your vote doesn’t count and goes up to 5, meaning your vote counts 5 full votes. (technical detail: the tan(h) function is used here, so 5 can never be fully reached).
bitcoinClean wants people to talk to each other. It requires miners to look at the way other miners operate, and then make an educated decision if they trust this miner to use renewable energy.
bitcoinClean has no moderation. No central authority. Only its miners govern what standards they deem acceptable. The Impact score each address has incentivises miners to make good decision about each other, because if a miners vote get rebutted too often, his impact goes back to 0, and his votes stop counting.
bitcoinClean will help cryptocurrencies to become drivers for clean energy use and innovation. The next step in financial independence cannot come at a huge environmental cost — this is simply unacceptable.
bitcoinClean exchanges and supporters:
bitcoinClean is already trading on YoBit.net, on Nebula end of June and soon on Exrates.
Supporters like Miguel Forbes (Forbes Magazine) are pushing the project, many green miners are already mining bitcoinClean, such as Coin Factory and HydroMiner, both cutting-edge green mining operations.
[su_quote]This article is writing on 29 May 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- 918077121282.[/su_quote]