CRI in a Nutshell
Carbon Reduction Initiative is the first blockchain to
produce carbon credits. The platform is merging a decentralized master node to
generate 3rd party certified carbon credits.
Unlike the giant blockchain like bitcoin and ethereum that
use massive amounts of electricity and energy, CRI’s main objective is reducing
blockchains energy consumption. The project aims to be the world’s tower of
environmental and social reforms. Among its best features are going to be
transparency, ecological sustainability, and protection of crypto fraud
victims.
Transparency on CRI
The project’s plan aims to take several years to complete.
The project has enhanced transparency. Unlike any other carbon reduction
initiative platform, CRI will continuously provide monthly updates on the
continuous development of the project.
These updates on the financial position of the project will
be published in various channels and show the exact use of the project funds.
The transparency and openness will garner trust to investors, thus bolstering
the completion of the projects.
Protection of Crypto Fraud Victims
The crypto is not clean of scams. For instance, on January
22, 2020, a 75-year-old granny lost 11 Euros in life savings. She’s not the
only victim of crypto frauds; many other people have fallen prey to
cryptocurrency scams. Unfortunately, there are no insurance covers for crypto
scam losses.
The carbon reduction initiative will, however, be the
solace to the victims. The platform seeks to engage directly with the victims
and provide them with other supporting services. For CRI to achieve its victim
protection agenda, it commits 10% of its revenue to mitigate losses of crypto
fraud victims. The platform’s agenda of a philanthropic society is soon going
to solidify.
Environmental Sustainability
The global volume of carbon emissions has been surging in
the past decade. In 2009, for example, the emissions stood at 28.7 billion metric tonnes. However, ten years
later, the emission rate hit over 33.3 billion metric tonnes.
CRI commits itself in the fight against environmental
degradation. The platform will continue putting support behind projects that
reduce global carbon emissions. 10% of its revenue will be committed to ensuring
the achievement of CRI environmental sustainability goals.
CRI and Bitcoin’s Energy and E-Waste Problems
Bitcoin mining is one of the biggest energy consumers in
the globe today. A 2019 report by BBC shows that bitcoin’s electricity consumption is 7 gigawatts. The amount is close to
0.21% of the global supply and may be equal to Switzerland’s annual electricity
supply. The network’s energy problem will, in the long run, have an upsurging
detrimental impact on climate and the environment.
The platform solves the environmental impact of bitcoin’s
creation by producing carbon credits every time a transaction occurs. That will
assure the occurrence of less carbon-intensive cryptocurrency transactions.
Moreover, the bitcoin network is extensive, even in
transactions and computations every second. The platform performs close to 100
billion calculations every second, making it hard to depend on cheap hardware.
To stay highly competitive, the network requires state of the art hardware and high
electronic usage. The system, therefore, leads to severe electronic wastage.
CRI, however, does not need any specialized hardware; it uses simple servers
that only need low resources. Using little resources reduces not only the
wastage but also the environmental degradation caused by the platform.
CRI Online Merchant Store
To bolster on its urge to develop an eco-friendly world,
CRI introduces an online merchant store, which will sell eco-friendly products.
Moreover, to show even more commitment to environmental improvements, a
significant percentage of the revenue on the online market goes to funding
charities. These charities’ primary objective is to give the best for the
environment.
CRI Best Features
The platform plans to feature continuous updates. Moreover,
anyone who is using the forum and notices obsoletes may inform the platform
developers via their page. That will ensure the platform receives regular
updates and is adequately maintained.
The platform’s security is also a state of the art. It
denies users from any form of unsolicited use, including hacking.
Bottomline
Carbon Reduction Initiative, the first platform to generate
carbon credits, is solving all bitcoin’s environmental degradation issues. The
platform uses simple equipment that consumes low amounts of energy, thus
significantly moderating energy consumption and costs.
In the project’s development, the platform plans to release
monthly statements to garner user trust by implanting openness. As part of its
societal philanthropic agenda, the platform aims to protect the unsuspecting
users from frauds in the crypto world.
Environmental sustainability is one of the building pillars
of the CRI forum. The platform effectively reduces the emission of carbon.
Moreover, to bolster on eco-friendly products, CRI merges a merchant store that
will distribute CRI labeled eco-friendly goods.
The platform implants security, transparency, and
environmental stability in one carbon credit blockchain.