{"id":145913,"date":"2021-11-26T16:07:24","date_gmt":"2021-11-26T16:07:24","guid":{"rendered":"https:\/\/precoinnews.com\/?p=145913"},"modified":"2021-11-26T16:07:24","modified_gmt":"2021-11-26T16:07:24","slug":"m-r-megawatt-and-friends-sustainable-blockchain-gaming-platform-with-eco-friendly-games-and-utility-nfts","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/m-r-megawatt-and-friends-sustainable-blockchain-gaming-platform-with-eco-friendly-games-and-utility-nfts\/","title":{"rendered":"M.R. Megawatt and Friends: Sustainable blockchain gaming platform with eco-friendly games and utility NFTs"},"content":{"rendered":"
One of the key themes running through the blockchain and digital currency industries in the last few years is environmental sustainability. It\u2019s something the BSV ecosystem has been focused on since day one, and it was a particular focus at the recent\u00a0CoinGeek New York conference.<\/p>\n
This month, Smart Ledger introduced M.R. Megawatt and Friends. It\u2019s a sustainable blockchain gaming platform that will enable the issuance of non-fungible tokens (NFTs).<\/p>\n
More about M.R. Megawatt and Friends<\/strong><\/p>\n \u201cThe convergence of environmental, social, and (corporate) governance (ESG) initiatives with NFTs, gaming, micropayments, and provable sustainable actions is extremely exciting. It is now economically possible to gamify ESG, incentivizing players to compete for not only micro-payment rewards but environmental action leaderboards. We are able to utilize the power of micropayments, NFTs, and a secure, proof-of-work blockchain to make it fun to help the planet. Only with a scalable public blockchain is this possible,\u201d SmartLedger CTO Greg Ward told CoinGeek.<\/p>\n Making NFTs and gaming sustainable on <\/strong>the BSV blockchain<\/strong><\/p>\n While critics of blockchain technology and NFTs in general point to the massive carbon footprint of the industry and the severe lack of any real utility, this is based on a misunderstanding of the technology\u2019s potential and the fact that most blockchains are both unscalable and don\u2019t provide much real-world utility at all.<\/p>\n However, BSV changes all of that. With literally unlimited scaling capacity, it\u2019s possible to run the entire global economy on the BSV ledger for a fraction of the energy BTC or Ethereum uses. Imagine trillions of transactions a day running on the BSV blockchain while it uses less energy than Ethereum, for example. The energy expenditure per transaction becomes nil effectively, making\u00a0Bitcoin green technology.<\/p>\n With initiatives like M.R. Megawatt and Friends, things get even better. People can use applications on the blockchain that have real-world carbon-neutralizing impacts. Winning NFTs that lead to more planting of sustainable hemp is one example of this.<\/p>\n As Daugherty pointed out, \u201cscaling equals sustainability.\u201d It\u2019s not possible to have an eco-friendly, sustainable blockchain unless it scales to global levels. BSV does this, whereas other blockchains like BTC Core and Ethereum never will. On BSV, the fees and carbon footprint get lower as on-chain activity increases. For example, when comparing BSV to Ethereum right now, we see that BSV has a fee of $0.0002 per kilobyte compared to Ethereum\u2019s $194, and when measured in kilowatt-hours, it\u2019s 4 for BSV compared to 62.56 for Ethereum.<\/p>\n As more attention is drawn to blockchain technology and digital currencies in general, the data is clear; BSV is the most sustainable proof-of-work blockchain by a long way. As it scales and new sustainable applications like M.R. Megawatt and Friends are launched, BSV as a sustainable blockchain solution will become more obvious.<\/p>\n Watch: CoinGeek New York presentation, A Study of Bitcoin & Blockchain Energy Consumption<\/p>\n\n
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