British payment service provider Guavapay joins RippleNet
October 2nd 2020
The Ripple community are excited about having committed to the decarbonization project.
David Schwartz in response to the recent decarbonization efforts stated: “Open source allows ANYONE — validators, miners, wallets, exchanges and others — to decarbonize emissions for the blockchain of their choice. This is decentralization at its finest, starting with the #XRPLedger.”
Brad Garlinghouse expressed, It’s clear that crypto belongs in future global financial systems, but that future depends on us taking action now to ensure this tech can be used sustainably. Today, Ripple is committing to be carbon neutral by 2030 AND building tools so any blockchain can use renewable energy.
David Schwartz in the recent Block Stars podcast had a chat with Sid John Leopold about why sustainability is essential for the future of money. They have explored what do crypto, gaming and sustainability all have in common? Those who are interested might want to listen to the podcast in full.
In the recent Blockstars podcast, Sid has explored the eco-friendliness of different payment methods. They have explored how the mining process is energy intensive with shocking scales of consumption. They have been comparing it to XRP and on how it was using less energy.
Cryptocurrencies are considered to be important tools of innovation with the potential to make the world economy very efficient. He pointed to how most of our money today sits idly either waiting for instructions in Nostro accounts or in transit. The only time money is really useful in the real economy with real people creating real value is when money is exchanged for goods and services.
Ripple (XRP) Efficient Consensus
They have been exploring on how currencies are just a tool that is used for trading. The podcast points to how we are going to use money 2.0 when it works better. They have discussed on how the environment gets affected in the process. Finally, they narrowed down to stating that we do not want to use tools, which makes lives drastically worse off.
The discussion reinstated on how those who are using Bitcoin regularly, every day in their transactions as contributing to emit 144 pounds per transaction on average. They justified that this probably is not the most efficient way to reach consensus.