If you love Mother Earth or if you are an Environmentalist then you should know this superb technology which has a heart for Energy Conservation. In short, if you are an Earth-Saver, then you should be in Telos Network.
I don’t know why but this technology has really captured my heart out and the community as well. Probably I was just opted to support the blockchain that the APPICS crypto-social media platform will migrate obviously. When you love what you are doing, you won’t mind getting compensated or not, especially if it cares for the environment.
This blockchain actually meets my criteria for being the fastest block-speed that one may need in their everyday lives. This is also the best in tipping and sending micro-payments. If you will have to choose Telos ($TLOS) in trading then this is such a great opportunity to earn because it has a lot of potential to be in the top 50 soon as investors would also find this project the way that I see it. Not a Financial Advice!
Let’s try to compare Telos’ Energy Consumption to the top 2 Blockchains in the world: Bitcoin and Ethereum
The Telos Blockchain only uses 0.0004 Tera-Watt-Hour per year.
Constant use of energy has led to an increase in the production of greenhouse gases. Humans produce greenhouse gases faster than they can be taken up by carbon users, such as plants. This increase in greenhouse gases has led to a continued, irreversible rise in planetary temperature. Thus, it is one of the major cause of Global Warming. Burning fossil fuels to produce electricity or heat is responsible for roughly half of global warming pollution. Let us always keep that in mind.
Showing the top blockchains in terms of profitability this year and their energy consumption
Profitability should also match Natural Resources sustainability. It should be in our hearts to support projects not only because they are trending but consider their aims to take care of the planet. So much for me watching post-apocalyptic movies these past few days but I don’t wanna live in that kind of environment that is being portrayed in the future if we don’t act NOW to protect Earth!
To sum up all the top blockchains that consumes most of the energy here in the world versus Telos
I will have a report of the energy usage of these projects which landed on the top 15 this year 2021 if they are Environmental Compliant.
Recently, the Telos Foundation shared this post about the blockchain meeting the ESG standards. Let’s take a glimpse what this is.
Telos is the ESG blockchain
The world is moving towards responsible, sustainable investments and Telos is the leading blockchain tackling Environmental, Social and Governance (ESG) concerns.
Environmental, Social & Governance (ESG) investments & business practices are the important criteria when weighing the potential risks of an initiative. Many institutions have been calling for ESG solutions in the blockchain sector but no network has delivered until Telos did.
But let’s focus on the Environmental criterion since the goal is to let everyone know that we do have the #GreenestBlockchain.
What is Environmental Economics?
Environmental economics is an area of economics that studies the financial impact of environmental policies. Environmental economists perform studies to determine the theoretical or empirical effects of environmental policies on the economy. This field of economics helps users design appropriate environmental policies and analyze the effects and merits of existing or proposed policies.
Understanding Environmental Economics
The basic argument underpinning environmental economics is that environmental amenities (or environmental goods) have economic value and there are environmental costs of economic growth that go unaccounted in the current market model. Environmental goods include things like access to clean water, clean air, the survival of wildlife, and the general climate. Environmental goods are usually difficult fully privatize and subject to the problem known as the tragedy of the commons.
Destruction or overuse of environmental goods, like pollution and other kinds of environmental degradation, can represent a form of market failure because it imposes negative externalities. Environmental economists thus analyze the costs and benefits of specific economic policies that seek to correct such problems, which also involves running theoretical tests or studies on possible economic consequences of environmental degradation. Source
The Advantage of Telos Blockchain
A recent analysis found that Telos’ energy consumption estimates are lower than any major competitor, even Visa! Beyond estimates, the community is currently auditing their energy consumption and CO2 generation based on detailed reports from all network validators.
This will allow users to accurately predict their energy usage and mitigate it through community approved carbon credit purchases and Telos-based initiatives such as SEEDS, LocalScale, and Corcocoin projects. All these efforts ensure Telos provides the gold standard of environmental transparency in the blockchain industry.
Even with these incredibly low energy statistics, the network is doing more. Members of the community and the Telos Foundation are working to make the network fully carbon neutral. This will be tackled in a unique way that no other blockchain can easily accomplish.
Thanks to the governance that Telos is built upon, carbon neutral funding does not have to come from a centralized body. Instead, community members can vote to release network funds to chain initiatives who will carry out the rest of the process. If the vote passes, Telos will be the only blockchain to go carbon neutral through fully decentralized and autonomous voting. In the meantime, the nature of DPoS lets the community vote for the ethical validators like TelosGreen, a popular network validator that focuses on sustainability. Source
These are the dApps that contribute mainly to the Environmental aspect of the Telos Network:
Environmental Case Study: SEEDS
Consuming less energy or even going carbon neutral isn’t enough when it comes to having a positive environmental impact. Projects must actively find ways to foster environmental regeneration. With all the ESG tools available to developers, Telos has attracted many projects whose sole mission is improving and maintaining our natural resources. This has pushed Telos far ahead of competitors when it comes to environmental impact.
SEEDS is an innovative economic system and cryptocurrency that is championing these issues by using the Telos network.
SEEDS’ unique ecosystem offers tools that incentivize collaborative and regenerative behaviors for the wellbeing of the whole planet. In doing so, the SEEDS community has found a way to create monetary reward for regenerative tasks that are often undervalued in traditional economies.
With over 5000 users, 450 partners, and a presence in more than 88 countries, SEEDS has attracted passionate contributors from all backgrounds. Together they are working towards solving the most pressing issues that our natural ecosystems are facing. It’s no surprise that the project recently received an acknowledgement in Forbes for their dedicated work on protecting environmental assets.
Check the video out!
Let’s check other projects built on Telos that are taking care of the environment:
LocalScale
CorcoCoin
Kanda Weather
Aren’t you convinced that if you chose Telos as your blockchain, you are doing a big favor to the Planet Earth? If you are ready to join the Telos Ecosystem just like these amazing dApps we have here, then you are welcome!
Let us know if you want to partner with Telos and we will be happy to welcome you with arms wide-open just like what APPICS, Discussions.App and Qudo did.
Build / Develop / Migrate on Telos
Final thoughts:
I was brought up by a family that loves agriculture and nature. I use to plant trees in side-streets, I used to preserve old trees by creating signages to don’t cut, I used to segregate waste products to Bio-degradable and Non-Biodegradable. I care for our planet in my own little way which is actually a great part that I soon realized up to this day.
I am seeking for your support to do the same with this simple choice you are about to do as a developer and as a crypto-trader.
Choose wisely!
This is actually our response to Elon Musk's plead to everyone around the world to be cautious in Energy Consumption. This whole thing to be Environmental Compliant.
As promised from the recent post:
On the upcoming days, we will share a detailed post about how Telos is being compliant with the world standards across all aspects.
We have provided now the data being the ESG Blockchain in this post focusing on the Environmental Aspect.
To read more about my posts on Telos Network and its dApps: Check this blog compilation I have here in Publish0x:
Telos - The Most Powerful Blockchain In The World - Find out Why?
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If you think you can do these kinds of write-ups, please let me know as I always share each of my posts to social media especially after they just got newly published. Click this referral link and apply to become an author. I also encourage my fellow Telos community members to create their own accounts here as well.
https://www.publish0x.com?a=LYqaQPZenj
I am Fycee, an APPICS dApp Senior Ambassador and one of the Telos Community Marketing Team. Not sharing a financial advice but let's always Do Your Own Research (DYOR)
