Bitcoin Green’s Hugh Naylor on How to Mine Crypto Without “Destroying The Environment”

2018-7-30 22:48

The crypto industry has a nasty problem: while most of the world is investing in sustainable energy solutions, cryptocurrency mining is using exorbitant amounts of energy.

Environmentalists have criticized proof of work (PoW) blockchains as unsustainable and wasteful. Fortunately, an organization called Bitcoin Green aims to change that. Bitcoin Green is creating a form of mining that requires far less energy than today’s most popular methods.

Naylor recently sat down for an interview with Authority Magazine. During the interview, Naylor revealed more information about his background, the Bitcoin Green project, and the future of cryptocurrency blockchains and environmentalism.

Hugh Naylor is the co-founder of Crypto Revolution, a Los Angeles-based strategic communications company focusing on supporting blockchain ventures. Prior to launching the company, Naylor worked as a Middle East correspondent with the Washington Post. He reported extensively on the Arab Spring and other upheavals in the region over the past decade.

How did a journalist get involved with blockchain? Naylor credits his Crypto Revolution co-founders with introducing him to cryptocurrencies and blockchain technology. Ari Ratner and Kaj Larsen introduced him to blockchain and cryptocurrencies, explaining how the technology could benefit the world.

About Bitcoin Green

One of the key discussions of the interview revolves around Bitcoin Green. Bitcoin Green launched a sustainable cryptocurrency that aims to become an alternative to bitcoin. Naylor describes bitcoin’s model as “incredibly wasteful,” and claims bitcoin mining “uses a wildly-unsustainable amount of energy” and “poses a threat to the environment.”

With Bitcoin Green, things are different. The project uses an innovative form of mining to make cryptocurrencies more sustainable and beneficial for future generations.

While bitcoin uses proof of work (PoW), Bitcoin Green uses proof of stake (PoS). Here’s how the official Bitcoin Green website, SaveBitcoin.io, describes the system:

“Bitcoin Green (BITG) is founded on ‘The Green Protocol,' which utilizes a highly efficient proof-of-stake consensus algorithm that solves many of Bitcoin’s sustainability and scalability problems. Furthermore, Bitcoin Green can be mined on any computer or laptop without specialized equipment.”

Ultimately, the bitcoin network currently consumes more energy than 82% of countries on the planet. Yes, chips are getting more efficient, but difficulty on the bitcoin network continues to rise, which means the bitcoin network is using more energy every year.

“I firmly believe that Bitcoin Green is doing the kind of work that will make cryptocurrencies sustainable and beneficial for future generations,” explains Naylor in his interview.

The rest of the interview covers topics like interesting stories that have happened to Naylor while working in blockchain communications as well as “5 things” Naylor wished someone had told him before starting a company (“get plenty of rest, eat your greens, exercise regularly, make time for vacation, have lots of humility). You can read the full interview here.

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Источник: bitcoinexchangeguide.com

bitcoin green → Результатов: 74


Фото:

Bitcoin Green (BITG) – The Green Protocol And The Changing Face Of Cryptocurrency

Whilst Bitcoin aims to be the future for currency, many forget that actually, Bitcoin is a huge threat to the environment and the planet it wishes to support. What’s the point in creating a currency for the future, if there’s no future for the planet in the first place? That’s what Bitcoin Green wants to change, via The Green Protocol, a stunning new concept that uses a super efficient proof-of-stake consensus, designed to repair Bitcoin’s environmentally devastating attitude.

2018-7-31 13:45


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


The Land is Green : Bitcoin Punches Back From $6,200 To Hit $6,600

Bitcoin after struggling all throughout the weekend has come out on Monday with some real hard punches. Before struggling with the $6,200 price drag that began on Thursday of last week, bitcoin has been steadily hanging around $6,300 for the last couple of weeks until the fateful Thursday when it got a sucker punch that […] The post The Land is Green : Bitcoin Punches Back From $6,200 To Hit $6,600 appeared first on ZyCrypto.

2018-7-16 20:56


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