๐ฅ๐ฒ๐ฎ๐น ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป ๐ณ๐ผ๐ฟ ๐๐ฟ๐ฒ๐ฒ๐ป๐ฒ๐ฟ ๐ฎ๐ป๐ฑ ๐ ๐ผ๐ฟ๐ฒ ๐ฆ๐๐๐๐ฎ๐ถ๐ป๐ฎ๐ฏ๐น๐ฒ ๐๐น๐ผ๐ฐ๐ธ๐ฐ๐ต๐ฎ๐ถ๐ป ๐ง๐ฒ๐ฐ๐ต๐ป๐ผ๐น๐ผ๐ด๐ (GRN)
GRN: Real Solution for Greener and More sustainable Blockchain Technology โ Hi everyone, Bitcoin is the first cryptocurrency to offer blockchain technology to the world. By using blockchain technology, Bitcoin can make all transactions decentralized and free from intervention. But in operation, blockchain technology has consumed quite a lot of electricity globally.
The data states that with the increasing use of cryptocurrencies globally, this also increases the use of electricity because it is known that blockchain technology uses a PoW system, where miners will work to be able to validate many transactions and as a reward, they will get a number of coins.
The more transactions they validate, the higher the reward they will receive. And in this process, the use of electrical energy increases because most mining equipment uses electrical energy, most of which comes from non-renewable sources.
If only the energy use of blockchain technology could be reduced, this would reduce the impact on global electricity use and this would make blockchain technology greener and more sustainable.
Reason
The world is getting older every day, but the pollution produced by human activities is increasing every year, it is time for the world to need a concrete solution to overcome this problem. And because of this, GRN will be a solution to problems related to global pollution by offering a blockchain technology that is more sustainable and green for even greater use.
GRN through the technology it has developed, namely GRID, will provide users with a blockchain technology that has unique and sustainable characteristics, but still pays attention to the security and reliability of the network.
At GRN users will be able to find a greener ecosystem and support parties involved in greening the world. Because with the increasing number of applications are going to be relying on Blockchain, this is a new opportunity for GRN to be able to offer a blockchain technology that is greener and more sustainable, which will not use as much energy as used in other blockchain technologies.
About GRN
GRN Grid is a ground-breaking blockchain technology built on the Proof of Stake V2 consensus mechanism.
Grid will introduce novel features to better compete with the centralized technologies. GRN Grid, along with its features and the wallet application, is scheduled to be released according to the roadmap.
Grid will mainly focus on:
- Setting a framework for creative corporate solutions
- Consumer usability
- Deployment and development of WEB3.0 applications
- Sustainability of blockchain
GRN Grid Solutions
The GRN nodes run by the community worldwide will help stabilize the Grid even further.
The project partnerโs GRN Nodes will be powered by renewable mining operations located across the globe.
As a result of these nodes, GRN Grid will always have enough validators equipped with high-speed internet connections and rugged hardware. This increases the networkโs reliability and eliminates the primary disadvantage of blockchain.
GRID network can be summarised by these five pillars: Security, Sustainability, Speed, Scalability & Stability. GRID builds on these pillars by adding customer usability.
From the first to the third generation, current blockchains are built with an extremely basic structure. However, GRN Grid will provide companies and consumers with several critical decentralized functionalities.
These include the capacity to transmit encrypted notes between parties, the ability to submit invoice requests, and an integrated exchanging system (DEX/P2P). These are open-source features that any developer may enhance or build upon.
Security Pool Solutions
Each validator will be required to stake their balance in GRN Gridโs security pool to preserve the systemโs security. A validator will receive a nontransferable interest to a share of the pool.
The security deposit will be held for 24 hours and paid out to the validator if there is no act of bad faith detected by most of the validators participating in the pool.
This way, each validator will benefit if Grid runs properly without any imperfections and will be penalized otherwise.
Green Energy Solutions
The GRN Grid smartchain has been constructed to run completely on renewable energy. By significantly decreasing its carbon footprint, Grid eliminates one of the major drawbacks of blockchain.
Moving forward, the validation of GRN Grid will be initiated by partners of GRN Energy. These partners are verified users of renewable energy only and will run GRN Grid Nodes in mining campuses across the globe.
Everyone is free to run validating nodes of GRN Grid to keep the decentralized nature of the blockchain intact. Certified validators will be marked as renewable nodes. End users can choose to solely use these GRN nodes for their transactions in the wallet application.
Grid allows you to delegate your GRN stake to a known validator, also referred to as the Circuit Program. This functionality allows the GRN community to help validate Grid and earn validating rewards without physically running a node. The validating community hosts these programs to attract more stakes in their nodes.
Circularity Solutions
The GRN Grid will to register the devices of validators on Grid through a smart contract and penalize any validator for repeatedly changing their hardware. The exact implementation of the penalty system is elaborated in the technical paper.
Under its ReCharge initiative, the GRN organization will run a hardware recycling program. As a watchdog for this initiative, Metabolic will guarantee that it has the least amount of negative environmental effects possible. GRN Grid validators will be applicable to this program.
Grid Features & Competitive Advantage
Features
EnScrypt โ EnScrypt will allow users to send encrypted messages up to 120 characters attached to a transaction or as standalone messages. These messages can be an invoice number, payment reference code or just a friendly note.
ExNode โ ExNode represents the first integrated DEX based exchange on the blockchain. Grid users can stake or swap their tokens to any (stable) currency on Grid, without ever requiring making a transaction to any exchange. This integrated swapping also makes it possible to easily stake any token running on the Grid from the GRN wallet app. EXNode is supported through the GRN Wallet app or any other third-party wallet app connecting to the EXNode contract addresses.
GRNPay โ With GRNPay you can send and receive payment requests over Grid, which can be accompanied by EnScrypt messages. Paying for the requests can be easily done with the wallet app and the recipient will immediately be notified once its payment request is fulfilled.
Advantage
GRN has a competitive advantage which enables it to compete in the global crypto market. This is demonstrated by the GRID technology it offers:
- Complex Use: GRN will facilitate users to be able to use a reliable and sustainable blockchain technology even for more complex use cases, for example for cloud computing solutions all over the world.
- Sustainble: GRN offers a more sustainable blockchain technology with a power-efficient method of validating using green energy. And later GRN will also carry out a donation action which will be done via voting on the chain.
- Secure and Fast: GRN facilitates user transactions to be fast and secure so that it is free from intervention and hacking. GRN uses a pools security system and PoS2 and Gridโs lightning trail verification or abbreviated as LTV.
- Othewr Features: GRN through GRID also has other features will also build a payment system, escrow, message encryption, and pools swaps. These features will be accessible to users easily and securely.
GRN Market
The global crypto market is competitive. Many applications depend on blockchain technology and in the future this number will increase significantly.
In the future, this competition will increase and a concrete solution is needed so that the use of blockchain energy in these applications can be reduced and this will have a significant impact on the use of electrical energy globally.
GRN welcomes this positive by offering a greener blockchain technology and this will help reduce the electricity use impact of blockchain technology globally.
It is hoped that in the future this will become a standard blockchain technology, which offers a sustainable and secure decentralized network, and users will be able to apply blockchain technology more easily and sustainably.
Token Sales
GRN is the native token of the GRN platform and it is planned that GRN tokens will be sold through a token sale program that will be held in the future.
The general token sale program will aim to raise funds for the development of the GRN platform, and it will take place in the future through a program with specific terms that are yet to be determined.
In terms of developing the GRN platform in the future, this is necessary, so that the team can finance its operations. By participating in this token sale program from the start, users will be able to get tokens at a lower price and this will benefit users who invest early.
Conclusion
As more and more applications will use blockchain technology in the future, real solutions are needed and these must be present in a unique and green solution for global blockchain technology.
And with the various features it offers, GRN will be able to help solve problems related to global pollution and will be able to offer innovative concepts for global blockchain applications focused on reducing the global carbon footprint.
In essence, GRN is a blockchain technology that can secure and speed up user transactions, so what it wants to achieve is to reduce the global carbon footprint without compromising the security and speed of transactions on the network.
Information from the original source:
- Website: https://grngrid.com/
- Telegram: https://t.me/grncommunity
- Twitter: https://twitter.com/grngrid
- Discord: https://discord.gg/bDPK9Vf24R
- Youtube : https://www.youtube.com/channel/UCywkKdth85e4DNBZ_X0q_Nw
Author Identity:
Bitcointalk Username: Bredd6767
Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=1204015
