Tortle Ninja will be Carbon Positive | #EarthDay2022
Crypto may get you rich, but what if there are no more paradise beaches to visit? LFG on this too.
As part of our efforts to be more sustainable, Tortle Ninja wants to announce that we will be Carbon Positive before the end of this year.
To achieve this milestone, we will partner with AirCO2, a startup that calculates your carbon footprint and let you compensate for it by paying forest owners and maintainers, making the forest profitable. Including them in the economy is a great way to contribute to the fixation of CO2 from the atmosphere.
Every recipe executed on Tortle Ninja will be carbon positive, which means that it will eliminate more CO2 from the atmosphere than it emits, that's our commitment.
Quarterly, we will publish its total carbon footprint and the results of our cooperation with AirCO2, so that every user can audit what we are delivering.
Of course, all of this will be impossible without Fantom Foundation.
Fantom, the eco-friendly blockchain
Since its inception, the Fantom Foundation has focused on the long-term sustainability of the network. Implementing a Proof-of-Stake consensus backed by a novel aBFT algorithm allows optimal speed, security, and low resource consumption.
Fantom’s fast transaction times and efficient event-handling translate into a high energy-saving network.
Fantom’s low-energy impact
Basing our calculations on the recommended validator node setup and the current validator nodes count, each transaction on the Fantom network consumes between 0.000024–0.000028 kWh of energy.
Put another way, assuming current levels of network traffic, the entire Fantom network consumes just 8,200 kWh of energy per year; this is less than the average total yearly electricity consumption of a single US home, which is around 10,700 kWh.
Taking the upper bound of Fantom’s energy consumption per transaction, we observe that:
- The Visa Network consumes 52x as much energy (0.00148 kWh per transaction);
- Ethereum consumes approximately 6.6 million times more energy per transaction (185.52 kWh per transaction); and
- At the current hash rate, Bitcoin consumes an astounding 25.1- 68.9 million times as many kilowatt-hours per transaction (the estimated range for BTC is 704–1928.83 kWh per transaction).
Built for eco-sustainability
As the developer of a public chain, Fantom embraces the responsibility to provide the greenest, safest and best technologies to its population of users. Advances in technology go hand in hand with increasing sustainability, and we view it as imperative to offer energy-efficient solutions and account for network power demands.
About Tortle Ninja
Tortle Ninja is a no-code decentralized financial tool that was built to enable retail investors, fintech, and crypto enthusiasts to create combined DeFi strategies.
Tortle users can create combinations of DeFi operations by linking the nodes and defining a strategy. You can split, create a limit, stop-loss orders, and even more complex strategies. Tortle will validate the operation results and the composition of the operation if it is valid or invalid.