Would you go 12 rounds with Ali in his prime? Fight McGregor in the octagon? Tell Mike Tyson he's ugly? Probably not, for good reason. However, occasionally a contender worthy of the spotlight emerges and the team at Carbon Zero(CZE) has put on the gloves and issued a challenge to Bitcoin.
Carbon Zero has several advantages, while not only retaining but exceeding the potential of the Bitcoin network. Sure, alot of coins can make this claim but do they offer a truly unique and neccessary change to the way we mine cryptocurrency? Will they stop the skyrocketing trend of bitcoins power consumption and greenhouse gases? CZE does.
Carbon Zero works quite simply and efficiently.
Newly minted coins are awarded to Masternodes and Stakers for their service on the network, however they also receive ERC-20 tokens which can be sent to a smart contract. This contract on the Ethereum blockchain will instantly exchange these tokens for Ethereum. The ERC-20 tokens are burned and converted into Carbon Credits, which are sold on carbon exchanges to fund the smart contract, and the cycle repeats.
This is an astounding leap in the industry as Carbon Credits are now considered a neccessity worldwide. All of this is explained in detail in the Whitepaper(linked below).
We've all heard and probably used the term "archaic" when referring to bitcoin. We know the code is solid, but outdated, which causes several problems. The most impactful effect of bitcoin in recent years has been energy consumption and pollution. With factories in China filled with ASIC miners running 24 hours a day on a low-cost coal-burning power supply, the carbon footprint of Bitcoin has grown (and will only continue to grow) exponentially.
Based on a report by the International Energy Agency, if Bitcoin was a country it would rank 39th worldwide in energy consumption. This alarming statistic shows that not only along with its slow block times, ASIC farm monopolies and network congestion there are bigger problems we need to tackle internationally.
Over the last year, several projects have released aspiring for "mass adoption" without providing a reliable structure that will last. Carbon Zero brings a revolutionary new change to blockchain technology by being the first to combine Masternodes and ERC-20 tokens into a self-sustaining, energy efficient and profitable venture all while reducing literally tonnes of greenhouse gases from our planet every day.
CZE runs on Proof-of-Stake(PoS) which is immensely more cost and energy efficient than Proof-of-Work(PoW). PoS does not require anyone to be actively mining with factories full of specialized hardware, instead it only requires an internet connection and a single computer. Satoshi's original dream was "1 cpu = 1 vote". The use of ASIC machines has destroyed this vision with greed. PoS brings us back to a level playing field where anyone can participate. CZE has a well structured emission schedule to prevent inflation, providing a solid foundation to grow.
This is just a simple explanation of the project for full details you can read the 32 page Whitepaper here: https://carbonzerocoin.com/wp-content/uploads/2018/10/CarbonZeroWhitePaper_v03.pdf
Carbon Zero is currently in Pre-Sale, get your Masternode or Staking package today! (Contact the devs directly on Discord: https://discord.gg/7uAGWxf)
Thanks for taking the time to read this article, have a great day!
Links
Website: https://carbonzerocoin.com/
Twitter: https://twitter.com/carbonzerocoin
Discord: https://discord.gg/7uAGWxf
Telegram: https://t.me/bitcoinalternative
Github: https://github.com/Carbon-Zero/CarbonZero/releases