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TIP:  0008
Title:  The First Sustainable Blockchain
Authors: Sukesh Kumar Tedla, [email protected]
Status: Draft
Type: Informational
Created: 2018-09-01
Discussion: TIP channel in slack

Abstract

This proposal outlines a plan to make Telos-The First Sustainable Blockchain in the market. Based on research it's estimated that bitcoin network alone consumes 1% of total power consumption in the world which is quite huge and it's just waste of energy, bad to the environment. It's important to think about the impacts of our actions on society, nature and future generation. During this year the world has seen the rise in temperatures like they have never seen before. Though a long summer seems to be nice but we have to realise that increase in temperatures have a drastic effort on the environment.

Motivation

We all agree that blockchain is a great innovative technology of the current generation and it's here to stay. But we have to at some point in time realize, what price we are paying for this technology. The POW blockchains have proven to be de-centralised, secure but at the same time they are not efficient [1]. When it comes POS and DPOS blockchains we still have a certain level of decentralization and better efficiency but as they scale they can become un-sustainable as well. EOS have proven to be better when compared to other blockchains but it still have its own issues to address. As Telos is driving towards a more decentralised blockchain and addressing the concerns of EOS, it has already started the work in the direction of becoming the top-notch blockchain in the market. This proposal will hopefully take it to the next level and make Telos-The first sustainable blockchain in the world.

Rational

We have BP requirements in Telos and we are on a path to do something great. So this proposal puts some additional requirements on BPs and Telos Network to address the Sustainable Development Goals put forth by the United Nations. If we adapt this proposal and live by its standards, it can attract the real industries and applications to use Telos. The organisations, applications can get an extra accreditation for working towards SDGs and using Telos infrastructure.

Specifications

List of Green Energy Sources: http://listverse.com/2009/05/01/top-10-renewable-energy-sources/ It’s divided into 2 sections:

  1. BP – Requirements: All the BPs of Telos network are required to use Green energy before we reach 1 year from the mainnet activation date. If there are no sources for Green energy usage in the regions where BPs are located they can suffice by buying green offsets.
  2. Telos Blockchain Network – Worker Proposal System: We have a worker proposal fund which is funded by the inflation of Telos tokens. As they say “actions speak better than words” It would be great if 0.25% of WPS fund goes to the UN for working towards Sustainable Development Goals. By doing this it will not only benefit Telos but also the whole planet. And Good Karma for everyone.

Actions to be taken

  1. To address BP requirements: We need to add additional points to the BP requirements document. This has to be further approved and accepted by 2/3rd of the BPs.
  2. Regarding SDG fund: First we have to reach out to UN - SDG team and setup an account for them and make modifications to the worker proposal system code to send tokens every 3 months.

Auditability & Verification

  1. Using a smart contract or by just creating a transaction on the chain all BPs will need to submit the proof of using green energy every 3 months. And once published all the other BPs can verify each other proofs and if they find any issues they can reach out to the BP. If the issue still persists, they can call for a vote to penalise. The penality would be a ban for 90 days for first warning and for second warning the penality would be 1 year.

  2. When it comes to transferring the funds to UN or similar entities, these organisations will be subject to show the proof of how funds are used. Here this can be also done under the supervision of Telos Foundation Board Members.

Stats

The current power consumption stats from EOS mainnet, as of date[26/08/18]: 74 paid BPs * Rio norm 1,8KW *24 hours = 3196 kWh /day =0,0032 million kWh /day Ethereum Consumption: https://digiconomist.net/ethereum-energy-consumption

Frequently Asked Questions

Q) What are green energy sources?
A: Here is a list: http://listverse.com/2009/05/01/top-10-renewable-energy-sources/
Q) What if BPs didn't find any green energy data centres?
A: In majority of the countries there are certified green data centres, if it's impossible to find one then a BP can buy Carbon offsets and show it's proof. The goal is to empower Sustainability.
Q) What are Carbon Offsets?
A: Here is a good link: https://science.howstuffworks.com/environmental/green-science/carbon-offset.htm
Q) Do you think it will be too much work for a BP?
A: Not in long term. But probably in the beginning.
Q) Why do we need to do this? Telos is not too much power consuming?
A: Yes, Telos is not consuming too much power but the goal here is to empower society. This will also bring businesses towards using        Telos.

References

[1] https://www.ofnumbers.com/2018/08/26/how-much-electricity-is-consumed-by-bitcoin-bitcoin-cash-ethereum-litecoin-and-monero/