Frequently Asked Questions

Bitgreen is a purpose-built blockchain specially designed for sustainability. It exists to drive capital into critically important sustainability initiatives, and coordinate collaboration and community to tackle climate change.

No, Bitgreen is itself a blockchain that has smart contract capabilities. Smart contracts can be written on Bitgreen.

Yes. The Bitgreen blockchain is public, open, and permissionless. To learn more about developing on Bitgreen, please email info@bitgreen.org.

Once the protocol goes live with a mainnet launch, it will create tokens that can be used for gas and transaction fees on the network. This event is scheduled for the second half of 2022.

Bitgreen intends to become a parachain in the Polkadot ecosystem and thus receive the benefits of security and cross-chain connectivity in the Polkadot ecosystem. The Bitgreen blockchain is built on the Substrate framework, developed by Parity Technologies, the development team behind the Polkadot network.

Bitgreen is a proof-of-stake blockchain that consumes 99.9% less energy than traditional proof-of-work blockchains such as Bitcoin.

We wouldn’t be facing such an existential danger and a sustainability funding deficit of trillions of dollars if the existing system were effectively responding to climate change. Many reasons exist to explain why we’re in this predicament, and many of those faulty patterns and inadequate systems can be re-programmed using blockchain, such as impact investing, carbon credits, and voting.

A blockchain is a virtual database with special functionality. This database compiles data submitted by various internet accounts and employs special techniques to differentiate real transactions from fraudulent ones. This validation process is known as consensus, and is often executed by a distributed and/or decentralized network of computers, called nodes. The distributed blockchain ledger operates similar to a record book that inventories a canonical accounting of the history of all activity on the chain.

No, blockchains are quite varied and diverse in their construction and applications. Bitcoin is a cryptocurrency blockchain while Ethereum is a smart contracts platform. They are distinguished in their respective technologies and use cases despite both being a blockchain.