State of the Union on Crypto and the Environment


Published 7 hours ago

Posted by Land Improvement Corporation

The future of the currency is here and the world is accepting it. The growing demand for cryptocurrency is skyrocketing. The market is saturated with endless cryptocurrencies to choose from, and they have even reached the stock market with Bitcoin NFT growing at a record speed.

If you have been investing in crypto since its inception, or you are still unsure of what the agreement is with this economic trend, crypto is about to make some important changes that are making investors and the public pay close attention.

The big picture: cryptographic terms

An entire language can be dedicated to the cryptographic universe, some more remarkable than others.

Two key concepts are the work test (POW) and the participation test (POS).

Proof-of-work was designed in 1993 to reduce spam by requiring computers to monitor email before it was sent. It had a minimal impact on the cyber footprint in the 1990s. But once the creator of Bitcoin, Satoshi Nakamoto, applied POW to his currency, power consumption skyrocketed.

With cryptocurrency, POW algorithms determine who can fit the ledger through a competitive race in which miners are encouraged to spend computing energy. This allows them to comply with network rules. Miners have to compete against each other to create a new bloc.

Proof of Stake (POS) is a modified version of POW that entered the market in 2021. This consensus mechanism is designed to reduce power consumption to determine the order of the blockchain. Validators and miners are both responsible for ordering transactions and building new blocks. This design will lead to more network nodes while reducing hardware requirements.

Companies like the cryptographic conglomerate Ethereum are switching to POS to scale up updates and conserve energy. Although they were talking about their intentions, the change was not smooth due to technical issues.

graphics: On the blog, State of the Union on Crypto and Environment

Environmental concerns

2022 opened with Wikimedia that no longer accepted cryptocurrency donations in terms of “not aligning with the foundation’s commitment to environmental sustainability.” Mozilla is also taking steps to review how its current cryptography policy is in line with its climate goals.

Digital cryptocurrencies have generated a lot of controversy due to the environmental impact of mining. Tesla has announced that it will no longer accept Bitcoin, the most popular cryptocurrency that takes up more energy than some countries in a single year.

By design, cryptocurrency (especially Bitcoin) is energy intensive; millions of high-powered computers are being mined worldwide. Digital blockchains have a bad reputation for their influence on carbon offsets. As cryptocurrencies work on their energy-consuming computers, the world is suffering. Bitcoin takes up more energy in a year than Sweden, and China recently banned mining as it was ultimately responsible for the resurgence of coal mines.

What do green cryptocurrencies mean for the future?

The future of this industry is shifting to greener mining methods. With the new rules looming over Bitcoin, the green cryptocurrency is about to sweep the world.

New cryptocurrencies that are driving ecological missions are emerging in the cryptographic space. These sustainable cryptocurrencies are at the forefront of better and more aware digital blockchain chains.

Sustainable cryptocurrency has lower power consumption and reduces the carbon footprint. You don’t need large amounts of energy to drive your transactions and you are constantly working to reduce your environmental impact. The community of such currency is engaged in organizing various ecological initiatives.

Invest in Green Crypto: LBX

Land Betterment Exchange (LBX) is entering the market with a conscious initiative; it aspires to transform the earth by inspiring multimillion-dollar companies to accelerate the environmental cleansing of damaged lands. To achieve this, companies are rewarded with tokens. In addition, displaced coal miners can now take up jobs to repair land and learn about the green transition economy. These are net positive carbon credits.

Crypto / environment is not yet a utopia, but investing in a greener token like LBX is a step in the right direction.

LBX is not a button company. It is not crypto-mining. It’s something better.

How do I get involved?

A rising tide makes all the boats float, so we would like everyone to participate. The first step is to read about LBX by navigating to our homepage for news and information. To start token issuance requests, just fill out an application form and we’ll get in touch. Learn more about LBX and how you can get involved here

About Land Betterment Exchange (LBX)

Land Betterment Exchange (LBX) is an environmentally driven token that creates a financial incentive and a commercial marketplace to drive environmental cleanup and accelerate the transition from fossil fuels while providing new sustainable wage jobs for the local community. It is a symbol built from the ERC-20 Ethereum framework that provides a direct financial incentive to promote and accelerate the environmental clean-up of lands adversely affected by the fossil fuel industry. Land Betterment Exchange has hired Land Betterment as its token issuing partner to ensure that the integrity of the token issuance process is complied with and that the cleanup of the environment is completed. Land Betterment Exchange (LBX) is in the final stages of selecting a cryptocurrency exchange for its initial token list. Visit the company at lbxtoken.com and follow us on your favorite platform for more information on our upcoming list and the environmental value of the LBX token. Facebook, LinkedIn, Instagram, Reddit, Tiktok.

About Land Betterment Corporation

Land Betterment Corporation, an Indiana Benefit Corporation and Pending B-Corp, is an environmental solutions company focused on fostering a positive impact by recycling old coal mines to create sustainable community development and job creation. The company uses a complete solution-based lifecycle program to restore and rehabilitate the environment and revitalize communities in need of change and opportunity. Land Betterment achieves this by identifying unrecovered, damaged and neglected coal mining sites, correcting the environment through recovery and remediation, and then reusing the land to support a sustainable business in the service of the community. Land Betterment firmly believes that, with real solutions, it is possible for the restoration of the affected areas to coexist with long-term employment, while building a sustainable and safe environment for communities and our planet. Visit the company at landbetterment.com and join us on LinkedIn, Twitter and Facebook.

Company contacts:
Mark LaVerghetta
317,537,0492 ext. 0
Director of Government, Corporate Finance
info@landbetterment.com

Stephanie Conzelman
207,205,0790
Director of Stakeholder Participation
info@landbetterment.com

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Land Improvement Corporation

Land Improvement Corporation

Land Betterment Corporation, an Indiana Benefit Corporation, is an environmental solutions company focused on fostering a positive impact by recycling old coal mines to create sustainable community development and job creation. The company uses a complete solution-based lifecycle program to restore and rehabilitate the environment and revitalize communities in need of change and opportunity. Land Betterment achieves this by identifying unrecovered, damaged and neglected coal mining sites, correcting the environment through recovery and remediation, and then reusing the land to support a sustainable business in the service of the community. Land Betterment firmly believes that with real solutions, it is possible for the restoration of the affected areas to coexist with long-term employment, while building a sustainable and safe environment for communities and our planet.

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