Good morning Hive Guys,👋🏼 did you know that PayPal is committed to promoting "green mining" of Bitcoin through incentives offered to miners who adopt low-emission energy sources. In collaboration with EnergyWeb, a platform has been developed to monitor and validate the use of clean energy in Bitcoin mining.
The goal is to support the sustainable development of the sector, addressing environmental and energy consumption challenges.
This approach aims to identify and reward "green" Bitcoins produced by miners using low CO2 emission energy sources. The sustainability of cryptocurrency mining has been a significant issue, attracting the attention of figures such as Elon Musk and influencing regulatory policies.
However, the arrival of new ETFs and the influx of institutional capital have helped alleviate concerns.
The solution outlined here aims to achieve a good degree of decentralization
According to the document 📰, the proposed solution will leverage Energy Web's "Green Proofs for Bitcoin" platform, which certifies miners as "green" by assigning them a score based on their use of clean energy and their impact on the network.
PayPal BRG stated that they have successfully tested the proposed solution with the miner of DMG Blockchain Solutions. During the test, numerous transactions with low fees were transmitted to observe the effectiveness of the system at various levels of network congestion. Source
And what do you think ❓