Pietra and the Environment…
A core motivation in Pietra is to use Distributed Ledger Technology in an efficient and useful way. To achieve this, our system integrates Hashgraph, which does not require the use a Proof of Work Algorithm. We critique current implementations of Coin Systems, like Bitcoin, for making expensive and wasteful transactions. During the peak of the Bitcoin boom, miners were using as much electricity collectively as a small country; and yet all of this power contributed little-to-no novel functions for society. If we are going to make a world computing machine, it should be efficient and it should be useful. We must find better ways and the most efficient solutions to various issues involving world networked systems, Group Consensus, and the economy-- not the most expensive and inefficient solutions. Pietra's core structure was designed with serious focus on protecting the natural environment through the expansion of non-destructive economic protocols, and the direct rewarding of For-Value activity though the Coin-Base.
In addition to our core structure, Pietra is developing and integrating multiple projects towards the goals of a more environmentally friendly and sustainable world. More information on this topic, these projects, and the team is coming soon.