The thesis which kicked off studies of this project was based on the creation of a decentralized payment network with energy efficiency and sustainability. Studies by the University of Hawaii in partnership with UNESCO, have an argument, which warns about global warming, and how bitcoin and decentralized payment networks may have influenced this process over the past ten years. Previous researches have already raised some catastrophic effects by rising 2°C on our planet such as sea levels rise and loss of biodiversity. Considering those type of Cryptocurrencies uses the POW (Proof-of-Work) belong to one of the many classes of virtual currencies, are constantly being processed by computers a servers around the world, scientists are worried about how much this virtual decentralized network system can cost to the environment. We should also consider, the increasing hashing power demanded by cryptocurrencies, according to statistics, in the next 15 years the world can enter an energy "crisis" unprecedented in history. Taking all that study and research into account, Smart Green adapts the idea of POS (Proof-Of-Stake) mining, not only validating and participating in the transaction authentication process through Masternode, but also PRODUCING coin blocks along the way. Furthermore, in addition to optimizing processes, we have reduced the need to use so much computing power therefore reducing energy, since PoS mining, can be done through a simple computer, which is already being used for several other day-by-day functions, with no need for complementary hardware solution or special computing power, thus becoming a sustainable and technologically revolutionary way in the decentralized payment network market SmartGreen, through its user network, who are concerned about the future technologies and the environment, will reserve 8 billion SMGR units to be used in social projects, sustainability and propositional actions for a fairer universe, where technology and sustainability play on the same side not against each other. Our actions aim to insert a regular individual into the Crypto-active world, with a "clean" and sustainable crypto-active. By this thesis, we will mobilize largest number of people including famous and notable that will be part of this stream INTELLIGENT GREEN. We give you, "SMART GREEN"! .
In few words we'd like to give you an idea on how our platform will fix environmental issues.
Relying only on the most advanced aspects of the world leading cryptocurrencies, we propose to use masternodes to ensure network stability.
A common self-budgeted crypto projects (DASH and related) the coinbase has three outputs. The first one is for miners, the second for the masternodes, and the third for the budget system. If there are several tiers of MNs, there still is only one coinbase output, regardless of how many tiers does the project have.
In the case of SmartGreenCoin, we use the technology developed by XDNA team that consists in a unique system with six coinbase outputs. Thanks to that, masternodes belonging to all three tier receive reward for each block.
Following figure presents the comparison of the common MN reward system and our T.N.T.
Our team works hard everyday to build an awesome product and invision the future always keeping an eye on the environment, here's we've been planning.