This August, Bitcoin Latinum became a signatory and supporter of the Crypto Climate Accord (CCA), a crypto community initiative focused on decarbonizing the crypto ecosystem. The CCA is a community-led group that seeks to make crypto more green as the future of finance leans more and more towards sustainability. By joining the Crypto Climate Accord (CCA), Bitcoin Latinum is committing to achieve a net-zero carbon footprint over the next decade from the power consumption linked to its crypto-related operations.
The joining of Bitcoin Latinum into the Crypto Climate Accord is an exciting opportunity for Bitcoin Latinum to set the standard for the future of crypto innovation to be more sustainable. Bitcoin Latinum’s sustainability, scalability, and security enhancements to the Bitcoin blockchain make Latinum a model for emerging crypto projects to follow suit.
Bitcoin Latinum’s green approach consists of two core elements: a shift in the Bitcoin blockchain’s consensus mechanism from Proof of Work (PoW) to Proof of Stake (PoS), and an 80% pre-mining procedure that will remove the painstaking mining process from the Bitcoin blockchain’s procedures.
The upgrade from Proof-of-Work to Proof-of-Stake consensus will help Bitcoin Latinum achieve up to 99.95% energy reduction compared to PoW-based blockchains. This 2,000x reduction will position Bitcoin Latinum to be the premier Bitcoin hard fork as future blockchain development unfolds. The Latinum PoS infrastructure relies on community-based consensus through approved nodes to verify transactions on the blockchain, reducing the need for energy-demanding PoW miners that require large amounts of energy to run. As a result, Latinum’s PoS structure is projected to be able to process 10,000+* transactions per second with a confirmation time of 3 to 5* seconds at 0.00015 KWH*.
Bitcoin Latinum’s increased partnerships across the media and entertainment, gaming, telecommunications and cloud computing industries are validating our project as an emerging leader in the future of crypto adoption and utility. It is our honor to join the Crypto Climate Accord and help pioneer the future of sustainable finance.
* Projected data for Bitcoin Latinum, by the end of 2021