3.3 Functions of Carbon Chain
Carbon Chain features new innovative consensus algorithms that remove the proof-of-work energy requirement from the system. Bitcoin mining needs to rely on computing power, that is, using the proof-of-work mechanism (POW), the process of mining is the process of computing the hash algorithm and getting the result. It relies on high-end chips such as CPU, GPU and ASIC, and consumes unnecessary energy to prove the workload, which is obviously not in line with the current international trend of energy conservation, emission reduction and carbon neutrality.
Different from the POW mechanism, Carbon Chain will change from the previous video card computing hash collision to carbon asset as the proof of work of each node. Everyone can be a node. Users must connect to the chain through carbon neutral behavior (bus, CD action, afforestation, new energy vehicle, etc.), and through AI+ manual identification, carbon asset can be obtained. This carbon asset is a proof of work for each node in the Carbon chain.
Carbon Chain's security will be greatly improved due to its more decentralized blockchain. Easy auditing and security through a new intelligent transaction programming language will unlock the security, transparency and ease of use that cryptocurrencies promise. Carbon Chain also employs more modern encryption tools to enable richer intelligent trading capabilities.
Carbon Chain is adopting a new advanced approach to achieve sustainable mining revenue and energy saving and carbon reduction targets, not only to meet the passive wealth growth needs of users, but also to promote carbon neutral development while mining.
This combination of classic investment mechanisms from two hot areas of blockchain is reigniting user engagement.