Green Bitcoin

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.