1. Reduce the environmental impact of the blockchain
The environmental impact of cryptocurrencies, major users of many blockchains, was one of the topics discussed at COP26. This specific market is currently responsible for very high energy consumption. While waiting for new regulations to develop, it is important to consider the means and tools at our disposal to make the market more respectful of the environment.
The environmental impact of cryptocurrencies on the environment is linked, on the one hand, to the electronic devices used and, on the other, to the network
2. The pollution and the blockchain
The blockchain and cryptocurrencies lead to the multiplication and overconsumption of terminals with shorter life cycles. To create and exchange cryptocurrency, calculations must be performed on a multitude of devices, and this decentralized computing power requires a large number of devices. In addition, for the network to operate permanently, these devices operate continuously 24 hours a day, at full power, and then wear out quickly and see their life cycle shortened. The manufacture of these electronic devices remains the biggest environmental impact linked to digital technology, while recycling remains very inefficient.
Transactions are also energy-intensive because, for the creation and transaction of cryptocurrencies, complex calculations are necessary. Beyond having an impact on the network's nodes (the terminals), this operation is very energy-intensive. As the price (value) of a cryptocurrency increases, the calculations become more complex. Also, these calculations are performed on a multitude of devices that consume a lot of electricity
3. The blockchain and the carbon
What solutions does N01zet offer regarding the reduction of its environmental impact?
N01zet is committed to minimizing its carbon footprint by relying on the greenest blockchain model. What’s more, the N01zet index will make it possible to correlate the company's financial performance as well as its environmental impact. These indicators will be calculated in real-time to have the best visibility of the actions taken by the company to meet environmental challenges. N01zet Tokens are another way to encourage employees and all players in the N01zet ecosystem to adopt environmentally friendly behaviors, which are rewarded.
The CSR Charter established by N01zet thus roots its ecological commitment in the foundations of the company. It declares that it adheres to and respects the fundamental principles of environmental protection, identifies its impacts, and implements an environmental policy aimed at getting closer to the best practices of its profession, and in particular measuring, monitoring, and reducing its carbon footprint and its waste. It is committed to scrupulously respecting the local, national, and international environmental regulations in
4. Our blockchains: SOLANA and EOS
In response to the carbon footprint reduction requirements mentioned above, N01zet has selected the first range of the most efficient blockchains in terms of energy needs: SOLANA and EOS. These two blockchains will be completed by CARDANO in the future.
This first selection is based on the most economical consensus in block validation: Proof of Stake compared to Proof of Work, used by Bitcoin and Ethereum, which are much more energy-intensive.
Interactions between the selected blockchains will take place through dedicated gateways ("blockchain cross-chains") to be able to switch to the most energyefficient blockchain.