{"id":62370,"date":"2024-04-23T18:56:50","date_gmt":"2024-04-23T18:56:50","guid":{"rendered":"https:\/\/hub.onequity.com\/?p=1513"},"modified":"2024-04-23T18:56:50","modified_gmt":"2024-04-23T18:56:50","slug":"paypals-blockchain-research-group-in-collaboration-with-non-profit","status":"publish","type":"post","link":"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/","title":{"rendered":"PayPal’s Blockchain Research Group, in collaboration with non-profit\u00a0"},"content":{"rendered":"\n

This week, PayPal’s Blockchain Research Group, in collaboration with the non-profit organization EnergyWeb, unveiled a new initiative to incentivize Bitcoin miners to employ clean energy in their operations.<\/p>\n\n\n\n

The project offers a financial reward to network participants who commit to and certify an environmentally friendly approach.<\/p>\n\n\n\n

Bitcoin mining is a procedure in which participants, known as \u201cminers,\u201d solve cryptograms to generate new transaction blocks in a cryptocurrency’s blockchain. Those who are fastest get bitcoins for their work.<\/p>\n\n\n\n

Bitcoin miners use computationally demanding and energy-intensive equipment to solve these puzzles in order to achieve the expected mining reward. As a result, the environmental effect of this activity has become a topic of interest in recent years, with some detractors advocating banning it.<\/p>\n\n\n\n

\u201cAccording to recent estimates, Bitcoin mining is currently responsible for around 85 million tons of annual carbon dioxide equivalent,\u201d PayPal officials note. <\/p>\n\n\n\n

PayPal wants to incentivize \u201cgreen\u201d Bitcoin mining<\/strong><\/h2>\n\n\n\n

In a research paper, the collaborators laid out a model that would hand out bitcoins to \u201cgreen\u201d cryptocurrency miners, or those participants who use low-carbon energy sources to power their mining operations.<\/p>\n\n\n\n

The proposal would consist of detecting these miners through a verification platform such as Energy Web’s ‘Green Proofs for Bitcoin. Miners would be identified through their public keys with a multi-signature payment address, which would facilitate the receipt of the ‘reserved’ Bitcoin reward if they qualify.<\/p>\n\n\n\n

This clean energy validation platform would enable Bitcoin miners to achieve low-carbon accreditation for their mining operations, as detailed in the document.<\/p>\n\n\n\n

Those who mine in a green way could identify and include the \u201cgreen transaction\u201d on the blockchain, along with an \u201cexchange transaction\u201d that would allow them to receive the additional Bitcoin reward reserved in the multi-signature payment address. According to the authors, \u201conly the miner who includes the green transaction, redeems the transaction and successfully mines the next block\u201d will receive the additional reward. <\/p>\n\n\n\n

Green miners will be incentivized to mine these transactions, as they will be the only ones eligible for the additional BTC reward per \u201cblock.\u201d<\/p>\n\n\n\n

The goal is that while the low transaction fees would deter most miners from giving preference to these \u201cgreen\u201d blockchain transactions, green miners would be incentivized to mine them because of the additional Bitcoin reward.<\/p>\n\n\n\n

Miners’ footprint on the environment<\/strong><\/h2>\n\n\n\n

Using low-carbon mining methods reduces carbon emissions, which slows global warming, according to the National Oceanic and Atmospheric Administration.<\/p>\n\n\n\n

There is still no consensus regarding the global energy footprint of Bitcoin miners. Last year, following a study, Cambridge University reported that previous energy forecasts had greatly overestimated the actual figures. For their part, Bitcoin advocates believe that mining could exploit energy surpluses and even encourage renewables.<\/p>\n","protected":false},"excerpt":{"rendered":"

This week, PayPal’s Blockchain Research Group, in collaboration with the non-profit organization EnergyWeb, unveiled a new initiative to incentivize Bitcoin […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[629,2935],"tags":[],"class_list":["post-62370","post","type-post","status-publish","format-standard","hentry","category-cryptocurrencies","category-markets"],"acf":[],"yoast_head":"\nPayPal's Blockchain Research Group, in collaboration with non-profit\u00a0 - OnEquity<\/title>\n<meta name=\"description\" content=\"Fight against climate change with Bitcoin? PayPal's initiative aims to incentivize clean energy use in Bitcoin mining by rewarding miners who switch to eco-friendly methods. This could significantly reduce the cryptocurrency's carbon footprint.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PayPal's Blockchain Research Group, in collaboration with non-profit\u00a0 - OnEquity\" \/>\n<meta property=\"og:description\" content=\"Fight against climate change with Bitcoin? PayPal's initiative aims to incentivize clean energy use in Bitcoin mining by rewarding miners who switch to eco-friendly methods. This could significantly reduce the cryptocurrency's carbon footprint.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/\" \/>\n<meta property=\"og:site_name\" content=\"OnEquity\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-23T18:56:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insights.onequity.com\/wp-content\/uploads\/2024\/07\/int-business-mag-en.png\" \/>\n\t<meta property=\"og:image:width\" content=\"850\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"OnEquity\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"OnEquity\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 \u062f\u0642\u0627\u0626\u0642\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/paypals-blockchain-research-group-in-collaboration-with-non-profit\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/paypals-blockchain-research-group-in-collaboration-with-non-profit\\\/\"},\"author\":{\"name\":\"OnEquity\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/#\\\/schema\\\/person\\\/aea7a32034766b228ef53b2fa11b133b\"},\"headline\":\"PayPal’s Blockchain Research Group, in collaboration with non-profit\u00a0\",\"datePublished\":\"2024-04-23T18:56:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/paypals-blockchain-research-group-in-collaboration-with-non-profit\\\/\"},\"wordCount\":457,\"publisher\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/#organization\"},\"articleSection\":[\"Cryptos\",\"Markets\"],\"inLanguage\":\"ar\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/paypals-blockchain-research-group-in-collaboration-with-non-profit\\\/\",\"url\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/paypals-blockchain-research-group-in-collaboration-with-non-profit\\\/\",\"name\":\"PayPal's Blockchain Research Group, in collaboration with non-profit\u00a0 - OnEquity\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/#website\"},\"datePublished\":\"2024-04-23T18:56:50+00:00\",\"description\":\"Fight against climate change with Bitcoin? PayPal's initiative aims to incentivize clean energy use in Bitcoin mining by rewarding miners who switch to eco-friendly methods. This could significantly reduce the cryptocurrency's carbon footprint.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/paypals-blockchain-research-group-in-collaboration-with-non-profit\\\/#breadcrumb\"},\"inLanguage\":\"ar\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/paypals-blockchain-research-group-in-collaboration-with-non-profit\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/paypals-blockchain-research-group-in-collaboration-with-non-profit\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PayPal’s Blockchain Research Group, in collaboration with non-profit\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/#website\",\"url\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/\",\"name\":\"OnEquity\",\"description\":\"Your trusted choice in online trading\",\"publisher\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ar\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/#organization\",\"name\":\"OnEquity\",\"url\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ar\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/insights.onequity.com\\\/wp-content\\\/uploads\\\/2026\\\/01\\\/cropped-onequity-favicon.png\",\"contentUrl\":\"https:\\\/\\\/insights.onequity.com\\\/wp-content\\\/uploads\\\/2026\\\/01\\\/cropped-onequity-favicon.png\",\"width\":512,\"height\":512,\"caption\":\"OnEquity\"},\"image\":{\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/#\\\/schema\\\/person\\\/aea7a32034766b228ef53b2fa11b133b\",\"name\":\"OnEquity\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ar\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g\",\"caption\":\"OnEquity\"},\"url\":\"https:\\\/\\\/insights.onequity.com\\\/ar\\\/author\\\/antonis\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"PayPal's Blockchain Research Group, in collaboration with non-profit\u00a0 - OnEquity","description":"Fight against climate change with Bitcoin? PayPal's initiative aims to incentivize clean energy use in Bitcoin mining by rewarding miners who switch to eco-friendly methods. This could significantly reduce the cryptocurrency's carbon footprint.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/","og_locale":"ar_AR","og_type":"article","og_title":"PayPal's Blockchain Research Group, in collaboration with non-profit\u00a0 - OnEquity","og_description":"Fight against climate change with Bitcoin? PayPal's initiative aims to incentivize clean energy use in Bitcoin mining by rewarding miners who switch to eco-friendly methods. This could significantly reduce the cryptocurrency's carbon footprint.","og_url":"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/","og_site_name":"OnEquity","article_published_time":"2024-04-23T18:56:50+00:00","og_image":[{"width":850,"height":550,"url":"https:\/\/insights.onequity.com\/wp-content\/uploads\/2024\/07\/int-business-mag-en.png","type":"image\/png"}],"author":"OnEquity","twitter_card":"summary_large_image","twitter_misc":{"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629":"OnEquity","\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631":"3 \u062f\u0642\u0627\u0626\u0642"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/#article","isPartOf":{"@id":"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/"},"author":{"name":"OnEquity","@id":"https:\/\/insights.onequity.com\/ar\/#\/schema\/person\/aea7a32034766b228ef53b2fa11b133b"},"headline":"PayPal’s Blockchain Research Group, in collaboration with non-profit\u00a0","datePublished":"2024-04-23T18:56:50+00:00","mainEntityOfPage":{"@id":"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/"},"wordCount":457,"publisher":{"@id":"https:\/\/insights.onequity.com\/ar\/#organization"},"articleSection":["Cryptos","Markets"],"inLanguage":"ar"},{"@type":"WebPage","@id":"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/","url":"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/","name":"PayPal's Blockchain Research Group, in collaboration with non-profit\u00a0 - OnEquity","isPartOf":{"@id":"https:\/\/insights.onequity.com\/ar\/#website"},"datePublished":"2024-04-23T18:56:50+00:00","description":"Fight against climate change with Bitcoin? PayPal's initiative aims to incentivize clean energy use in Bitcoin mining by rewarding miners who switch to eco-friendly methods. This could significantly reduce the cryptocurrency's carbon footprint.","breadcrumb":{"@id":"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/#breadcrumb"},"inLanguage":"ar","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/insights.onequity.com\/ar\/paypals-blockchain-research-group-in-collaboration-with-non-profit\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/insights.onequity.com\/ar\/"},{"@type":"ListItem","position":2,"name":"PayPal’s Blockchain Research Group, in collaboration with non-profit\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/insights.onequity.com\/ar\/#website","url":"https:\/\/insights.onequity.com\/ar\/","name":"OnEquity","description":"Your trusted choice in online trading","publisher":{"@id":"https:\/\/insights.onequity.com\/ar\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insights.onequity.com\/ar\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ar"},{"@type":"Organization","@id":"https:\/\/insights.onequity.com\/ar\/#organization","name":"OnEquity","url":"https:\/\/insights.onequity.com\/ar\/","logo":{"@type":"ImageObject","inLanguage":"ar","@id":"https:\/\/insights.onequity.com\/ar\/#\/schema\/logo\/image\/","url":"https:\/\/insights.onequity.com\/wp-content\/uploads\/2026\/01\/cropped-onequity-favicon.png","contentUrl":"https:\/\/insights.onequity.com\/wp-content\/uploads\/2026\/01\/cropped-onequity-favicon.png","width":512,"height":512,"caption":"OnEquity"},"image":{"@id":"https:\/\/insights.onequity.com\/ar\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insights.onequity.com\/ar\/#\/schema\/person\/aea7a32034766b228ef53b2fa11b133b","name":"OnEquity","image":{"@type":"ImageObject","inLanguage":"ar","@id":"https:\/\/secure.gravatar.com\/avatar\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1c908ff0d0e2f47fe0fea0a6f134fe270d20c6137e577de6d7e74c2f959342f8?s=96&d=mm&r=g","caption":"OnEquity"},"url":"https:\/\/insights.onequity.com\/ar\/author\/antonis\/"}]}},"_links":{"self":[{"href":"https:\/\/insights.onequity.com\/ar\/wp-json\/wp\/v2\/posts\/62370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insights.onequity.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insights.onequity.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insights.onequity.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/insights.onequity.com\/ar\/wp-json\/wp\/v2\/comments?post=62370"}],"version-history":[{"count":0,"href":"https:\/\/insights.onequity.com\/ar\/wp-json\/wp\/v2\/posts\/62370\/revisions"}],"wp:attachment":[{"href":"https:\/\/insights.onequity.com\/ar\/wp-json\/wp\/v2\/media?parent=62370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insights.onequity.com\/ar\/wp-json\/wp\/v2\/categories?post=62370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insights.onequity.com\/ar\/wp-json\/wp\/v2\/tags?post=62370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}