We now know that the blockchain industry can have a influence on climate change. Indeed, blockchain-based activities, such as cryptocurrency transactions and token mining, can contribute to global warming due to their energy-intensive consumption. While IOTA was once known as the standard for sustainability, a new project completely redefines these standards.
IOTA uses blockchain to get on board with environmental sustainability
IOTA is a innovative blockchain protocol designed to solve some of the problems posed by traditional blockchains. Sustainability has been the main focus of the platform. IOTA was applying a new approach to confirming transactions at the time.
Instead of miners, IOTA has incorporated Tangle. This technique allows network participants to contribute directly to the transaction validation process. With Tangle, consensus is achieved without the need for dedicated miners, who are primarily responsible for the ever-increasing carbon footprint of the blockchain.
Before a transaction can be committed, a user must confirm two random transactions previous ones on the IOTA network. Thus, each participant in the network essentially acts as its miner.
The problem with Tangle is that it can create a feeling of centralization. And since IOTA users must confirm previous transactions before confirming their own, the blockchain seems sacrificing speed at the cost of ecology. Perhaps this is why IOTA has never been a top blockchain for developers.
Crypto-assets are a risky investment.
Impact Project (IMPT): An innovative approach to climate change
IMPT.io attempts to change the way blockchain is used in the fight against climate change.
The new platform, built on the Ethereum blockchain, facilitates the purchase of carbon credits. In addition to that, it allows the financing of sustainable projects for the environment worldwide. Its purpose is to help users minimize their carbon footprintoffering optimal tracking and accountability features that keep users aware of their contributions.
Another interesting feature of the Impact Project is its transparency. As the platform is built on the blockchain, it can eliminate fraud in the trading of carbon credits. Elle optimizes transparency on the entire purchase line.
So far, Impact Project has generated considerable interest. The platform has a network of affiliates who are very committed to reducing their carbon footprint. Some of the big names on this list include Amazon, Netflix, Microsoft, and Bloomingdale’s. These companies are committed to dedicate a portion of their total sales to the purchase of carbon creditsthus uniting to fight against global warming.
IMPT has a native token that users can acquire for buy credits and support eco-sustainability initiatives. Whenever investors buy IMPT tokens, they can change to carbon credits by exchanging them for non-fungible collectible tokens (NFT) designed by recognized artists. Token holders can burn the credits to directly offset their carbon footprint. Thus, they will receive in return a Collectible NFTs, or the possibility of registering the credits on the IMPT marketplace. Credits can then be traded as financial assets.
The IMPT is currently available for pre-sale at 0,023 dollar. The digital asset has recently crossed the bar of $10 million fundraiser. IMPT is expected to cross the $10.8 million threshold before the end of the first presale phase on November 25.
It is very easy to participate in the IMPT presale and take part in the green revolution powered by blockchain technology. An individual or business can simply connect their cryptocurrency wallet to impt.io and buy the IMPT token with ETH or USDT (Tether stablecoin).
If potential buyers don’t have ETH, they can securely purchase it directly from the IMPT.io site using a card to make their purchase.
🚨MAKE SURE TO JOIN THE #IMPT PRESALE NOW!🚨
😎 We’re selling out faster than expected! 😎
🔥 So don’t pass up on this opportunity!
— IMPT.io (@IMPT_token) October 26, 2022
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