While the emergence of the concept of cryptocurrency generated a lot of interest within the crypto community, times became tough when the “proof-of-work” consensus model started to drain too much energy. This resulted in a massively negative impact on the environment, leading people to look for alternative solutions. Among them, Bitcoin.ℏ has emerged as the most innovative.
What Bitcoin.ℏ does differently is that it does not rely on the same old narrative involving greener mining solutions. Instead, it adopts a different consensus mechanism altogether. Thanks to its focus on leveraging Hedera Hashgraph, Bitcoin.ℏ is evolving into a different, greener direction for crypto.
Bitcoin.ℏ Focuses on Hedera Hashgraph: Cheaper and Greener Crypto for Tomorrow
Traditional cryptocurrencies, especially the OG ones, have always relied on the proof-of-work consensus mechanism. Although fair, the onslaught of energy requirements they put on assets and people led many to look for different solutions.
Bitcoin.ℏ came up with something better. It has adopted Hedera Hashgraph as its main ecosystem, bringing users a better and greener platform.
There are two concepts at play that make Bitcoin.ℏ better than its peers.
Green Transactions
Transacting the king coin takes 703 kWh of energy, a massive requirement that often offsets the gains to be made from the asset. Bitcoin.ℏ, however, puts Hedera’s directed acyclic graph at play, reducing the energy costs to less than 0.000003 kWh.
Cheap Transactions
Another unique thing that Bitcoin.ℏ does is make transactions cheaper. Unlike the king coin’s fees that can range from $2 to $5 per transaction, with Bitcoin.ℏ, the fee is limited (and fixed) to $0.001. The cheap transaction cost makes it a much better alternative, which makes it easier to adopt. And when adoption rises, old systems can be replaced. This is what could create a greener future for the cryptocurrency market.
Beyond just Green Crypto: Bitcoin.ℏ promises Faster and more Secure Environment
While Bitcoin.ℏ has laid the foundation to develop a green crypto, that’s not the only unique attribute it is introducing.
For one, it is creating the groundwork for a stronger crypto transaction paradigm. Bitcoin.ℏ takes only 3 to 5 seconds to reach finality, which makes repeated transactions quicker and micropayments possible. And then there is the matter of speed, which means the project is capable of processing upwards of 10K TPS, eliminating network congestion.
Secondly, Bitcoin.ℏ taps into the aBFT paradigm for additional security for its decentralized network. And thanks to the adoption of SHA-384 encryption, Bitcoin.ℏ is quantum-resistant.
Conclusion
Bitcoin.ℏ isn’t creating another mining operation relying on ecologically friendly mining services, nor is it introducing a way to improve upon the existing king coin. What it is doing, however, is taking cues from the existing paradigm and delivering a design that could help massively in the long run.
Its adoption of Hedera Hashgraph gives it green traits with the additional benefit of speed and enhanced security. And considering it has been inspired by the existing leading crypto, it has the power to sway current crypto enthusiasts toward its offering.