Green Bitcoin
Crypto Overview
Project Overview
Green Bitcoin (GBTC) is a cryptocurrency project that aims to provide an environmentally friendly alternative to traditional Bitcoin mining. The project claims to utilize renewable energy sources for mining operations and implement a carbon offset mechanism.
Purpose and Utility
The stated purpose of Green Bitcoin is to create a more sustainable approach to cryptocurrency mining while maintaining the core features of Bitcoin as a store of value and medium of exchange. The project introduces a proof-of-stake consensus mechanism to reduce energy consumption.
Business Model Analysis
The project generates revenue through transaction fees and block rewards, similar to traditional cryptocurrencies. The business model appears transparent and doesn't involve any inherently prohibited activities under Islamic law.
Development and Adoption
The project shows active development on GitHub, with regular updates to its core protocol. While adoption is currently limited, this is not a concern from a Shariah compliance perspective as the underlying technology and purpose are permissible.
Token Distribution
The token distribution shows a relatively balanced allocation, with 40% reserved for mining rewards, 30% for ecosystem development, 20% for the team (with a 2-year vesting period), and 10% for initial investors.
Crypto Impact
To assign a comfort level investing in Green Bitcoin from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Green Bitcoin.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.