Butterfly Coin WhitePaper
1. Executive Summary
Butterfly Coin is a cryptocurrency designed to address the challenge of combining economic growth with environmental care, which we call Sustainable Development. Based on the X11 algorithm, Butterfly Coin maximizes energy efficiency, saving 170% of energy in mining and network maintenance compared to other traditional cryptocurrencies. This approach significantly reduces the carbon footprint and allows the cryptocurrency to generate a positive environmental impact.
Butterfly's mission is to support and promote environmental sustainability initiatives, care for flora and fauna through smart contracts and artificial intelligence, provide economic support and form alliances with organizations and foundations that work on projects to care for and improve the environment, generating passive income for our masternode investors and increasing the value of our asset over time.
2. Butterfly Vision and Mission
Vision
Butterfly Coin seeks to pioneer the transition to a sustainable financial system, proving that it is possible to generate economic value without compromising environmental well-being. Its vision is to create a world where the digital economy is aligned with sustainability principles and where every transaction on its network contributes to the global ecological balance.
Mission
Butterfly's mission is simple and clear: to build a cryptocurrency platform that is not only profitable but also fosters sustainable development. Butterfly is committed to reducing its carbon footprint, supporting environmental organizations through blockchain technology, and encouraging sustainable practices such as regenerative agriculture, renewable energy, efficient water use, reforestation, recycling, etc.; and clean mobility.
3. Underlying Technology: X11 Algorithm
Butterfly Coin is built on the X11 mining algorithm, developed by Evan Duffield, creator of Dash. This proof-of-work (PoW) algorithm was designed to be an energy-efficient alternative compared to traditional algorithms such as SHA-256. The X11 is composed of a combination of 11 different hash algorithms, which offer a higher level of security and improve energy efficiency.
Advantages of the X11 Algorithm:
Energy Efficiency: X11 is considerably more efficient in terms of energy consumption. With Butterfly Coin, the use of X11 results in a 170% energy saving compared to other mining algorithms, allowing for much lower consumption.
Lower Carbon Footprint: Thanks to its energy efficiency, Butterfly Coin's X11 algorithm avoids the emission of approximately 385 tons of CO2 per year. This saving is comparable to the positive impact of not cutting down 20,000 trees each year and reducing 1,120 tons of solid waste.
Increased Security: X11's multi-layer structure uses 11 hashing functions, making attacks more difficult and providing an additional layer of security on the Butterfly Coin network.
In addition to being energy efficient, X11 requires less processing power compared to other proof-of-work algorithms. This allows Butterfly mining to be accessible to a larger number of people and teams, helping to further decentralize the network.
4. Environmental Commitment and Sustainability Goals
Butterfly Coin stands out for its commitment to the environment and its focus on Sustainable Development. Through smart contracts and financial contributions, Butterfly supports organizations without state funding that are aligned with the cryptocurrency's environmental goals. The Butterfly network allows these organizations to access financing and technological support, using blockchain as a bridge to sustainability.
Support for Environmental Organizations and Foundations:
The Butterfly Coin community allocates a portion of its resources to support foundations and projects that focus on ecological regeneration, carbon footprint reduction, and biodiversity protection.
Butterfly Coin Environmental Goals:
Fight against Climate Change: Contribute to the reduction of greenhouse gases through clean energy initiatives and sustainable practices.
Carbon Footprint Reduction: Minimize carbon emissions from both cryptocurrency mining and Butterfly's infrastructure.
Flora and Fauna Protection: Support projects that protect terrestrial and marine biodiversity.
Recycling as a Natural Process: Promote recycling practices in Butterfly's community activities.
Mobility with Clean Energy: Support initiatives that promote sustainable mobility and the reduction of fossil fuel use.
Eliminating Plastics: Working with organizations that fight against plastic pollution in oceans and terrestrial ecosystems.
Alternative Energy and Clean Technologies: Funding research projects and adoption of renewable energy.
Responsible Use of Water: Promoting practices for the conservation and efficient use of water in industrial and agricultural activities.
Regenerative Agriculture and Reforestation: Supporting agricultural practices that promote soil regeneration and reforestation.
Union of Specialized Scientists: Collaborating with sustainability experts to develop technologies that protect the environment.
5. Real Applications of Butterfly Technology
Carbon Footprint - Climate Action
The carbon footprint is the trail of greenhouse gases (GHG) left by human activities. This environmental indicator measures both direct and indirect emissions of compounds such as methane (CH4), nitrogen oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6), and, above all, the most abundant and the one that has contributed most to global warming since 1990: carbon dioxide (CO2).
The carbon footprint represents the total volume of greenhouse gases (GHG) produced by human economic and daily activities. Knowing the data —expressed in tons of CO2 emitted— is important to take measures and launch the necessary initiatives to reduce it as much as possible, starting with each one of us in our daily lives.
Recycling
Recycling is the process of collecting and transforming materials to turn them into new products. These wastes would otherwise be discarded as garbage.
5 important reasons to recycle:
We save energy and fight climate change.
We use fewer raw materials.
We manufacture new products.
We create jobs.
We preserve the environment.
4 Rs of recycling:
The world is full of environmental pollution, so the 4Rs is an ecological initiative for the conservation of the environment that seeks to raise awareness among the population about caring for the planet. The 4Rs consist of reducing, reusing, recycling, and recovering.
Clean Energy
"Renewable energy" refers to energy sources based on the use of the sun, wind, water, or plant or animal biomass -among others-. They are characterized by not using fossil fuels -as is the case with conventional energies-, but resources capable of being renewed indefinitely.
Efficient Use of Water
The efficient use of water is defined as the reduction or prevention of the loss of this resource, with the intention of creating a conservation benefit, in a social and economic sense. Water is an increasingly scarce resource in a world that needs it to face its great demographic and climatic challenges. The lack of recognition of its value is the main cause of its misuse and waste. Water plays a vital role in public health, economic growth, and environmental sustainability, but only about 0.01% of the earth's water is drinkable, an amount that is reduced year after year due to pollution.
What are the main causes of this water shortage?
Pollution is the contamination we generate on the planet that seeps into both water and air, resulting in contaminated water that is not fit for human consumption. Drought.
What can we do as individuals?
Do not keep the taps open unnecessarily when brushing your teeth, shaving, or washing dishes. Be aware of environmental care and avoid contamination by putting waste in its place, not throwing substances that can go into the trash can into the drains: tissues, cigarette butts, food scraps, cotton buds, condoms, batteries, etc.
Regenerative Agriculture
Butterfly Coin is committed to adopting and promoting regenerative agriculture practices as part of its mission to reduce environmental impact. Regenerative agriculture is a land management approach that prioritizes environmental sustainability and soil health, promoting practices that not only avoid ecosystem damage but also restore and improve the health of the land.
Core Principles of Regenerative Agriculture:
Reduce Soil Disturbance: Minimize tillage to prevent erosion and loss of essential nutrients, while conserving natural soil structure.
Maximize Soil Cover: Maintain residues from previous crops and natural covers to protect the soil against erosion, drought, and extreme temperatures.
Maintain Living Roots: The constant presence of living roots is critical to keeping soil microorganisms active and healthy, helping to improve soil fertility in the long term.
Increase Biodiversity: Implementing cover crops and incorporating livestock into rotational systems helps diversify soil nutrients and promote a more balanced and resilient agricultural ecosystem.
Impact of Regenerative Agriculture with Butterfly:
Environmental Benefit: These practices help sequester carbon, improve soil fertility, and reduce the need for chemical inputs, which decreases the ecological footprint of agricultural activities.
Human and Ecological Health: Regenerative agriculture not only benefits the environment but also promotes healthier practices in food production, positively impacting both producers and consumers.
Butterfly Coin supports and funds regenerative agriculture projects through its network and through partnerships with organizations dedicated to agricultural sustainability, ensuring that its blockchain activities have a direct and positive impact on soil and biodiversity conservation.
6. Community Incentives and Rewards
Butterfly Coin incentivizes its community and encourages active participation in the network through a masternode system, offering the possibility of generating passive income for those who support and participate in the Butterfly ecosystem.
Masternodes:
Masternodes are full nodes on the Butterfly network that, in addition to validating transactions, perform advanced functions to improve the efficiency and security of the network.
Masternode operators receive periodic rewards in Butterfly Coin, promoting decentralization and network security.
Technical Requirements: Masternodes require an investment of 5,000 Butterfly to operate, which stabilizes the network by incentivizing participants to maintain long-term participation. The ROI of masternodes is around 380%, an amount that will decrease as additional masternodes are generated, with very interesting returns for 5 years, at which time a halving and redistribution of rewards will be carried out for a second stage of the project in the following 10 years.
Rewards for Specific Sustainable Actions:
Butterfly Coin promotes sustainability in its community through permanent actions on our social media with symbolic rewards for those users who contribute to improving the environment in their circle of influence. Users who share daily sustainable actions (such as recycling, reforestation, or reducing consumption) can receive Butterfly tokens.
This initiative reinforces Butterfly's commitment to sustainable development, creating an ecosystem where technology and the community work together for environmental well-being.
We know that these campaigns are not going to change the world, but we will surely reach people outside the crypto world, make the problem visible and exponentially boost environmental sustainability. Join us…
7. Roadmap
The Butterfly Coin roadmap details the short and long-term milestones, with a focus on strengthening the network, expanding sustainable partnerships, and promoting responsible practices.
2024:
Q2
The cryptocurrency was created.
Wallet development.
Website construction.
Development of the electoral community.
Development in mining pools.
Butterfly listing in markets.
Social Media development.
Permanent MKT actions to spread knowledge of Butterfly.
Agreements with masternode hosting.
Network update to provide support.
Partnerships with Masternode and ROI statistics providers.
Listing the coin in medium-sized markets.
Partnerships with foundations and non-governmental organizations to predict climate change.
Development of shared Masternodes.
Network upgrade to implement major collateral and rewards improvements.
2025-2026:
Staking pool.
Continue development of shared Masternodes.
Continue partnerships with foundations and non-governmental organizations to predict climate change.
Expand marketing, administration, development, and engineering teams.
Continue Butterfly marketing actions.
Web wallet, Android and iPhone wallets.
8. Conclusion
Butterfly Coin is not just a cryptocurrency; it is an initiative that fuses digital economy and environmental responsibility. Its focus on sustainability, energy efficiency, and support for environmental organizations allows Butterfly to represent a renewed vision of the positive impact of blockchain on society. We invite investors, developers, and sustainability enthusiasts to join the Butterfly Community and actively contribute to achieving a better and prosperous future for humanity.
Last updated