Bitcoin Green (BITG) uses Proof-of-Stake to leverage intuitive economic incentives to secure the network rather than wasting vast amounts of computer resources. Bitcoin Green can be mined on almost any computer and consumes no more energy than regular desktop applications. Cryptocurrency holders essentially post collateral in the form of Bitcoin Green, proving to the network that they are stakeholders and therefore economically incentivized to abide by the network's rules. Network inflation, the BITG just generated, flows directly to the holders of the cryptocurrency. These coordinate economic incentives for network participants by creating individual interest groups. There is no longer a distinction between miners and currency holders, like Bitcoin and other proof-of-work currencies. In fact, anyone with a computer can become a miner (or "staker") in the network, democratizing the mining process by removing barriers to entry and ensuring that new coins are widely distributed. This also leads to natural governance mechanisms whereby stakeholders of a cryptocurrency can vote directly on the blockchain in a transparent manner, with votes proportional to their proportion in the network.

The network launched on January 26, 2018. 2.4% of the total supply is pre-mined, 80% is airdropped uniformly to early community supporters, 6% is distributed to the 10 initial team members, and 14% is reserved for partners and to help fund the project.

The project codebase is a fork of PIVX, which is a fork of DASH, which is a fork of Bitcoin. DASH and PIVX use a hybrid PoS/PoW model, while BITG uses a single PoS. The total supply of BITG is 21 million.

1. Project introduction

Bitcoin Green is a transactional, everyday-use cryptocurrency designed to provide a scalable and sustainable alternative to Bitcoin.

The Bitcoin Green project consists of two themes:
This project aims to raise awareness of sustainability issues arising from the proof-of-work ( PoW) consensus and promote sustainable alternatives.
It is faster, cheaper and more energy-efficient than Bitcoin, the existing form of proof-of-stake (PoS) cryptocurrency.

Cryptocurrencies and their underlying blockchain technology hold great potential for humanity, but Bitcoin and other proof-of-work currencies are very wasteful, using a lot of energy and computer resources when mining cryptocurrencies. This is a rapidly expanding problem that Bitcoin Green aims to combat.

The Bitcoin network uses proof-of-work (PoW), in which computers in the network expend their computing power to secure the network. PoW creates many problems, including but not limited to:
1. Massive energy consumption
2. Misaligned incentives
3. Huge carbon emissions
4. Centralized control
5 . High Barriers to Entry
6. ASIC (Application Specific Integrated Circuit) Susceptibility
7. Resource Hoarding
8. Centralized Inflation

Bitcoin Green Root Network

Since its initial launch, Bitcoin Green has been democratized to the max. Team members from the community have played a vital role in the project's success thus far. BITG holders keep our social channels active and provide assistance to newcomers. It is critical that we expand our community and bring in new faces now. Widespread adoption is the only way Bitcoin Green can seriously change the crypto status quo today. This adoption should also be achieved through democratic means.

The Root Network
The Root Network is a bounty-driven, community-based campaign. We hope to fill the ranks of the network with community members who are passionate about Bitcoin's green mission and want to help drive adoption and outreach. Whether at crypto conferences, message boards, or on Twitter, there are many opportunities to raise awareness of blockchain sustainability and Bitcoin green.

Rewards for various goals will be announced and anyone in the community will have the opportunity to get more involved in the project based on their contributions. The Root Network is designed to be open and to enable all community members to spread awareness as they see fit. Individuals will be able to submit their own bounty proposals and earn BITG for their efforts.

2. Comment

BITG is built on the "Green Protocol", which utilizes an efficient proof-of-consensus algorithm to solve many of Bitcoin's sustainability and scalability issues. Additionally, BITG can be mined on any computer or laptop without specialized equipment.

The organization's BITG aims to shed light on some of the key issues facing blockchain at work, and to raise public awareness of the environmental and economic issues raised by such issues. BITG is a sustainable cryptocurrency modeled after Satoshi Nakamoto's original vision for Bitcoin. It is a decentralized peer-to-peer transactional currency designed to provide a solution to the exponential increase in energy consumed by Bitcoin and other proof-of-work currencies.

Related Links:

https://bitg.org/
https://info.binance.com/cn/currencies/bitcoin-green
http://www.qukuaiwang.com.cn/news /13973.html