What is EarthCoin?
EarthCoin is cryptocurrency, but one of a kind. This particular coin is taking cryptocurrency and blockchain to the next level, perhaps where very few people ever would imagine.
Most people see the use of blockchain confined in financial matters and, perhaps the digital sphere. However, EarthCoin is making attempts to introduce blockchain technology in the one area that matters most, the environment.
If there is a topic that has been exhaustively discussed over the years, it has to be environmental conservation. From global summits with world leaders to local discussion forums, there is a consensus that we need to take better care of our environment, albeit for the greater good of generations that will come after us.
EarthCoin is built on the Scrypt algorithm. The idea behind EarthCoin is to provide a near-accurate value or estimate of all the natural resources we have on the planet.
This makes EarthCoin one of the cryptocurrencies that are poised to take the world by storm. Ideally, EarthCoin is supposed to foster fairness, trust, and openness.
The goal behind EarthCoin is to ensure sustainability and equitable development, alongside quantification of the natural resources we have on the planet. Therefore, through EarthCoin, we should be able to assign a digital asset unit to each of the natural resources in question.
What is the problem that EarthCoin Solves?
Over the years, interference, influence, and intervention by humans have been on the increase, resulting in drastic changes to the environment. As a result, the quantity and quality of some of the natural resources and the layers of the earth have been depleted or ended up evolving to a point where they cause potential threat and harm to the biological sphere.
It is our role as a higher species in the evolution ranks to find ways of solving some of these environmental concerns. The world never runs short of environmental problems on a global scale, both in the social environment and natural environment. These problems eventually end up causing dangers that are either interlinked or interrelated, and the consequences are far-reaching.
Imbalanced Ecosystem
There is an imbalance in the energy flow and circulation all over the world. All this is associated in one way or the other, by the action of human beings. A good example is the use of pesticides. These are effective in killing pests. By killing these pests we can look forward to bountiful crop yields, and save a lot of people from the scourge of hunger.
However, the pesticides are eventually passed down the food chain, and as the accumulation continues, they become dangerous to humans and other animals in the food chain.
This, in the long run, affects the ecosystem, causing severe damages. It increases radiation energy on the earth, which has dire consequences to the ecosystem, and for humans, the effects can be as far-reaching as hereditary biological mutations.
Global Warming
Owing to the amount of greenhouse gas emissions over the past 100 years, the global temperatures have increased by 0.6%. Global warming is actually a disaster whose effects are already being felt in so many parts of the world.
As a result of global warming, oceans are expanding their territories, and the ice caps are melting at a faster rate. What this means is that we end up with rising sea levels, which eventually has a damning impact on the livelihoods of people who live along the coastal areas.
Other than that, rising sea levels also have a terrible impact on the natural ecosystem and agricultural practices along the affected areas. Metrological disasters like droughts and floods have become commonplace.
Climate change is not restricted to the environment, but humans are also feeling the adverse effects. There has been an increase in mortality rates, the prevalence of infectious diseases, and an increase in disease risks.
Limited Biodiversity
We are currently witnessing the fastest decrease in biodiversity in the history of mankind. Compared to the undisturbed world, we are experiencing a mammal and bird extinction rate that is up to 1000 times higher. Some of the activities we engage in, like cutting down trees, excessive hunting of wild animals, urbanization and industrialization constantly pollute the environment.
Other than these, tourism is at an all-time high, and a number of countries have resorted to limiting the number of tourists that visit their countries, or specific tourism spots. This is because tourism brings about vegetative destruction. In the long run, we end up with near-extinction or mass extinction. As the biodiversity decreases, in the long run, we are looking at prospects of an erosion of the basic human existence.
Ozone Sphere
Since 1985, there have been studies into the depletion of the ozone layer, especially right above Antarctica. This has been linked by several scientists and researchers to the production of chlorine atoms. Depleting the ozone layer means we have little protection from UV rays.
Unfettered access to UV rays leaves us exposed to skin cancer, cataracts and also inhibits the action of the immune system. Other than the impact on humans, this also affects the crop yield, either reducing it or damaging the existing crops. It does not end there either, as the damage is also felt in the marine ecosystem.
In the long run, we are looking at a serious disturbance in the ecological balance. Some of the challenges that we experience as a result of this include the prevalence of photochemical smog, forest fires, damage to buildings and crops, uncontrollable/unexplained human disorders and poisoning.
Acid Rain
As a result of air pollution, acid rain is an evil that, unfortunately, most parts of the world has come to terms with. It gets worse that it has become a norm. The problem with acid rain is that it does not just destroy the soil and plants, but also acidifies the water bodies. Therefore, all the animals and plants that live off these water bodies are also at risk, as are those who eat the plants and animals in their diet.
What happens next? Plants and animals are endangered, skin irritation and diseases become rampant, including pulmonary sclerosis and pulmonary edema. Acid rain is naturally corrosive to paints, metal products, textiles, leather, and buildings. In China, for example, more than 30% of the country experiences acid rain, especially regions to the south of the Yangtze River.
Desertification
Desertification doubles both as a socio-economic problem and an environmental concern all over the world. More than 6 million hectares of land is left bare each year. Some of the regions that are worst hit include Mongolia, Pakistan, Afghanistan, India, and China. Without the right intervention measures, this will only get worse.
Contaminated Atmosphere
There are different pollutants that find their way into the atmosphere. The ones with the worst impact thus far, are nitrogen oxide, carbon monoxide, suspended particulate matter, sulfur dioxide and lead. Air pollution is one of the common precursors to ozone depletion, acid rain, and climate change. Plants and animals bear the worst brunt of this vice, though eventually we also suffer health concerns as a result.
How does EarthCoin Solve the problem?
EarthCoin aims to solve the problems highlighted above through data acquisition. The right data, shared with the right people at the right time, can help avert a crisis. Through EarthCoin, it is possible to collect and upload process data automatically in the blockchain ecosystem.
What EarthCoin does is that it takes away the need for manual intervention. In so doing, this improves the credibility of and uniqueness of the data available on such matters. EarthCoin makes use of the data acquisition sensors and the Internet of Things to collect raw data. This data is then uploaded through the API to the blockchain. The role of the EarthCoin blockchain is to authenticate any data that is transmitted through the edge gateway, thereby ensuring that only the authentic nodes transmit data.
As the blockchain evolves and the fusion with advancing information technology proceeds, data that was once difficult to come across is now easily accessible, and recordable and can be applied online.
While the team at EarthCoin is not capable of collecting data, this has not affected the quality of and the results obtained through EarthCoin. There are sensors deployed under IoT which help in monitoring the data available.
What makes EarthCoin better than the competitors?
When discussing EarthCoin, the comparison is not necessarily about the competition, but what makes it unique. As mentioned above, most of the crypto projects focus on technology and financial aspects. EarthCoin, on the other hand, is more geared towards the environment. For this reason, there are features unique to EarthCoin that set it apart from the other crypto projects.
Anonymity
EarthCoin borrows a lot from the concept of trustless computing. This is implemented in the nodes. The nodes do not need trust between them to operate as required. Other than that, there is no need for a public identity, and because of this reason, each of the participating nodes in the EarthCoin ecosystem is secured and protected.
Open Source
Another aspect of EarthCoin that makes it stand out from the other projects is the fact that it is an open source project. One of the reasons for this is because the entire system was designed to be transparent and open. It, therefore, follows that EarthCoin must be an open source program.
Reliability
In order to make reliability a reality, EarthCoin is designed in such a manner that every single participating node is able to get a copy of the entire EarthCoin database. This also raises the concern of 51% vulnerability to attacks that is imminent in all the other crypto projects. However, it is virtually impossible to gain that advantage.
Bearing this in mind, any changes that are made on the database in lieu of a single node are unable to affect any of the data content available in other nodes.
Collective Capacity
EarthCoin is easily maintained because maintenance is treated as a collective responsibility. How does this happen? Any of the blocks in the system are maintained by the maintenance nodes designed in the system. These maintenance nodes, on the other hand, are easily accessible to all the players within the EarthCoin ecosystem.
Fairness
One of the concerns that have been leveled against industry leaders Bitcoin is that the system by default encourages selfishness and unfairness. The way Bitcoin was designed, it is all about mining. As a result, trust and fairness are two things that you can expect not to enjoy when using Bitcoin.
Operating in the Bitcoin ecosystem can at times feel like an arms race. By concentrating most of the efforts on mining, it is possible that institutions, organizations, and even individuals with some high-res computing capacity are able to gain control over the entire platform.
This is not the case with EarthCoin. In this ecosystem, fairness and trust are enshrined in the core modus operandi. This is a commitment that espouses the vision of an equitable, and sustainable ecosystem, and platform for development. This, unlike the Bitcoin concept, helps to encourage and foster more development in the blockchain realm, by underpinning the concept of decentralization.
How can EarthCoin be categorized?
EarthCoin is a unique digital payment cryptocurrency that is committed to sustainable and fair development, and environmental conservation, preservation, and management.
What’s EarthCoin’s vision on Security?
EarthCoin is build based on the Bitcoin platform. Therefore, it shares most of the security features that Bitcoin has in place. Data processing on EarthCoin is through a consensus method, which classifies and stores data that is collected through any of the devices that run EarthCoin.
Any data that is collected is stored on the blockchain, while product data and pictures are sent to an IPFS distributed storage facility. This is done under the Meckel tree storage.
Examples of EarthCoin use cases/applications
Where has EarthCoin been applied, or where are there intentions to integrate EarthCoin in operations? Since this project is all about natural resources, there are plans to use it in the following spheres:
- Water, air, and soil; the three most important environmental ingredients.
- Fresh water, mineral resources, forests, land, fossil fuels, biological species
- Aquatic ecosystems
- Terrestrial ecosystems
- Different landscape resources, such as native plants, water, and cultural heritage
- Air resources
Resources
https://coincheckup.com/coins/EarthCoin
https://medium.com/@getearthcoin