Review on Ecobit by francis fernandez
ecology for blockchain credits
Electronic commerce provides greater security and convenience to its users than the traditional financial system. Nevertheless; the energy consumption demanded by mining equipment contributes to the deterioration of the environment. For this reason, some cryptographic platforms try to reduce this impact by implementing ecological strategies.
Ecobit is a project that uses distributed ledger technology to implement a monitoring system for the production process of agricultural companies, in order to control its evolution from the initial phase to the final destination of the products.
To carry out its mission; Ecobit uses the infrastructure of the NEM chain and its own agricultural companies; with a view to measuring efficiency or detecting deviations in the flow of the production system, in order to certify its traceability project worldwide, to be used reliably by any entity.
Ecobit carries out a work of accompaniment of the producing companies from the seed stage to the obtaining of their final product.
What benefits does the platform offer?
The members of the Ecobit community have the privilege of enjoying the profits generated in kind (agricultural products) and also have the option to join ecological projects.
They also enjoy bonuses by contributing to the network with the maintenance of their Ecobit funds for a period greater than six months. This is due to the use of the Proof-of-Stake (PoS) consensus protocol, which defends the philosophy of "the more savings, the greater the profit.
End consumers can be assured that the production obtained from Ecobit companies is guaranteed in all its aspects.
Another important characteristic is the financial support that Ecobit grants to its members through the authorization of Ecobit credits. This is thanks to the reinvestment of profits derived from large ecological projects carried out by the platform.
Definitely, Ecobit is a valuable project, both for its members, as well as for supply chain companies and consumers in general.
Its mission is to ensure the well-being of all, especially the ecological well-being of the planet.
Pros
- Contributes to the well-being of the planet
- Boost agricultural production
- Use a powerful platform like NEM's
- Allows its members to integrate into the production chain
- Links the use of blockchain technology with agricultural projects
Cons
- Currently, their cryptocurrency is worth less than the dollar
