Green Blockchains and Green Crypto Curriencies

Here are some quick notes on Crypto Currencies and Blockchains

1. Crypto Currencies

We all know what crypto currencies are! And Blockchains are the backbone of crypto currencies. The transactions on blockchain based crypto currencies can be made over without a centralized systems, its fast and safe, given the use of high end technologies behind it.

2.  Blockchains

Blockchains are great at keeping a good track of data over time.

Where all blockchains can be used? For example in the following use cases:

1. Cryptocurrencies and Financial exchanges 
2. Tracking shipments in ships, planes, trains and via cars and bikes
3. Supply chains in warehouses such as Walmarts
4. Phramaceuticals
5. Beauty Products
6. Health Care
7. Aircraft safety analysis
8. Aircraft Black Box Log Books
9. Legal Procedings Processing
10. And Many More…

3. Blockchain Mining

Blockchain Mining being complex technique verifies transactions in blockchain based processes and enters data to the blocks of blockchains. It is especially popular for crypto currencies.

Mining requires high end systems, and needs investments in a top graphics processing units based computers and modern state-of-art chips.

4. Carbon Footprints

The carbon footprint of Bitcoin mining is huge [4] and hence the effect on environmental and Earth on whole.

As per [1] the co-founder of Coinbase once mentioned that “everything one day would be connected by blockchains”. So, given these facts and huge applications lets study the solutions to make these technologies GREEN!

Though not all applications of blockchains may be so much energy consuming and some cryptocurrencies too are not as high in energy consumption but we care for each carbon footprint that can be saved in coming future.

Solutions is Green Blockchains and Green Cryptocurrency

We now need not just green bitcoins, but all green blockchains may it be any dependent crypto currencies which require high computing powers. How to make it Green?

Innovations and subsequent use of the following for blockchain mining and authenticity verification in future days to come:

1. Fusion Energy, Eg. H
2. Fission Energy, Eg. U

Independently or combined with other means such as:

1. Solar Energy (direct or indirect)
2. Electric Energy
3. Fuel Energy when it is required as and on case of pause of other sources of energies, with minimal impact on environment
4. Other Energy Sources.

Let’s put in some investments to make Green Crypto and Green Blockchains

References

[1] blockchain technology applications – Search (bing.com)

[2] Brian Armstrong (businessman) – Wikipedia 

[3] How Does Bitcoin Mining Work? What Is Crypto Mining? (investopedia.com)

[4] Federal Report Warns of Crypto’s Environmental Impacts (investopedia.com)

Note: Images in the article are created with DALL.E 2