Sustainability
BCHLX Network is a global peer to peer (P2P) network providing crypto-blockchain technology that facilitates transactions safely and securely. BCHLX has a 0.01% carbon footprint, comparable to Ethereum 2.0 post-merger and Bitcoin with their 5% and 30% footprints respectively.
Traditional blockchain networks like Bitcoin & Ethereum utilize two primary methods to secure and confirm transactions: Proof of Work & Proof of Stake.
Through the creation ‘Instant Burn Protocol’ (IBP), BCHLX successfully replaced the otherwise standard “Proof of Work” or “Proof of Stake” mechanisms thus eliminating significant power, processing requirements, and time.
IBP provides 100% P2P transaction validation at the item level instantaneously. This means custody, title, and ownership details are captured and secured on the blockchain with every completed transaction. There is no loss of information as it passes from each party.
The IBP algorithm uses 99.99% less energy through a universal blockchain language that disaggregates the data into the cloud as the HLX coins are burned in a transaction. The blockchain cannot be erased, over-written, or altered once a coin is burned.
BCHLX Network provides sustainable, usable, secure, crypto technology that is simple to understand and a positive influence on the environment.