According to a recent article in Wired magazine;, “Bitcoin emits the equivalent of 17.7 million tons of carbon dioxide every year.” That’s a big problem! At Lynx, we believe that for cryptocurrency to be considered a secure, financial solution for today’s global marketplace, it must be created with global sustainability in mind. The energy costs of high-volume mining rigs are too demanding and they create an over-reliance on fossil fuels. Lynx code discourages high-volume mining rigs because our code purposefully lacks incentives to mine it for profit. Here are some of the business rules that help us achieve this goal:
1. The mining reward takes one week (sometimes longer) to “mature.”
2. The individual mining reward is only 1 Lynx (+ fees).
3. The cost of a transaction is .001 Lynx/kb.
Lynx is a cryptocurrency from the past re-designed for the future. We designed Lynx to have minimal environmental impact because we’re committed to creating global solutions and maintaining a small carbon footprint. Lynx business rules encourage the use of low-cost computing (like a Raspberry Pi which only consumes less than 3 watts of electricity) to mine the coin. As a result, the electrical cost to maintain the Lynx network is a fraction of a fraction which results in a low environmental impact. The emphasis on low-cost computing also creates a decentralized, broad miner base which also strengthens the stability and security of the currency.