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Sustainable Bitcoin Protocol

Last updated: Apr 19, 2024

Sustainable Bitcoin Protocol unlocks the potential of Bitcoin and helps it become the most powerful climate-friendly asset class on our planet!

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Overview

Project industry	Ecology
Product type	Protocol
Founded	United States
Whitepaper	Open

What is Sustainable Bitcoin Protocol

Sustainable Bitcoin Protocol (SBP) innovatively enhances the Bitcoin ecosystem without altering its fundamental workings. By building upon Bitcoin's existing data structures, SBP harnesses the environmental externalities of Bitcoin mining, channeling them towards positive climate impact. This is achieved through the creation of Sustainable Bitcoin Certificates (SBCs), validating and incentivizing the use of renewable and clean energy in mining.

Moreover, SBP drives a self-reinforcing cycle of clean energy financing: SBP fosters the creation of additional SBCs by purchasing Renewable Energy Certificates (RECs) and other Energy Attribute Certificates (EACs) corresponding to the Bitcoin network's current day’s energy use; this creates a flywheel effect where the more energy the Bitcoin network uses, the more financing of renewable energy is required to create an SBC, aligning real-time network consumption with positive environmental benefits.

SBP thus emerges as a complementary layer, reinforcing Bitcoin's robustness while steering its energy narrative towards sustainability, proving that Bitcoin's growth can coexist with environmental responsibility.