GRN and its GRN Grid are the future of crypto projects, delivering a sustainable blockchain platform based on renewable energy resources and supporting clean energy campuses, minimizing e-waste and blockchain energy consumption throughout the world to promote a future ecosystem focused on decentralization, sustainability, and environmental initiatives. According to research published in Nature, bitcoin mining uses as much energy as mining for gold. One of the few drawbacks of blockchain technology is its significant environmental ramifications, despite its tremendous promise for societal transformation. Why should the world pay the price for increased carbon emissions, squandered energy, and created e-waste? The revolutionary GRN Grid combats the problem by introducing the Grid and GRN (pronounced Green) tokens, which use a unique Proof of Stake V2 algorithm for energy-efficient, high-performance, and low-fee transactions. GRN provides a decentralized, secure, and, most importantly, cleaner world of sustainable development, with its operations relying entirely on renewable energy sources.
What is GRN?
GRN is a non-profit organization founded by GRN Energy B.V., based in the Netherlands, that manages GRN Grid’s operations. Overall, the GRN organization strives to protect the crypto community’s objective of sustainability as well as the long-term viability of blockchain technology. GRN seeks to maintain the blockchain’s decentralized characteristics while enhancing and cleaning up projects for a greener planet
What is Grid?
Grid is a revolutionary piece of blockchain technology developed by GRN. It focuses on developing a framework for innovative corporate offerings and a robust Web 3.0 application architecture. Grid’s distinctive and secure Proof of Stake V2 consensus provides sustainable blockchain development with excellent consumer functionality via message encryption using EnScrypt, ExNode for integrated token swapping with Grid stable currencies, and GRNPay escrow and transactions. Grid is fuelled by the $G token and can power a variety of green cloud computing solutions throughout the world.
How GRN and Grid are Paving the Way to a Greener Planet
The GRN smartchain minimizes global carbon emissions and adds sustainability to the blockchain industry, improving environmental conservation. With the development of green energy campuses, GRN Grid leads the path to a greener world and a more energy-efficient blockchain ecosystem. Nearly 45% of consumers are interested in sustainable and ecologically friendly goods, and GRN Grid lays the groundwork for a greener future, focusing on consumers and a decentralized ecosystem. GRN is the remedy to blockchain’s environmental impact since it is:
Sustainable:
Grid is a sustainable blockchain based on energy-efficient validations and renewable resources. GRN also allows users to participate in its green mission by fostering the development of green energy campuses worldwide through charitable contributions voted together by the smartchain.
Secure:
GRN Grid is always on the lookout for threat actors and uses two-step validation methods in conjunction with its PoS2 technology to constantly detect and charge them. Furthermore, the Grid also penalizes validators that swap their equipment frequently to limit energy, e-wastage, and destructive environmental impacts.
Speed:
Grid’s exceptional LTV (Lightning Trail Verification) is a cornerstone in assuring fast performance that allows for near-instant transactions simultaneous with a stable network that can expand in any situation. Grid’s brilliant performance and quickness depend on GRN Nodes and pooled validators worldwide, utilizing renewable energy mining activities.
PoS2 (Proof of Stake V2):
The Proof of Stake V2 consensus mechanism used by GRN Grid effectively maximizes the blockchain’s energy utilization. This drastic decrease in energy consumption is accompanied by randomly selected security validators and a concave function for awarding voting rights to ensure a secure and sustainable blockchain.
Why GRN is the Future of Blockchain Technology
The Grid smartchain, developed by GRN, is a blockchain technology that can potentially revolutionize the energy impact of current blockchain systems. Grid will significantly influence the near future by altering perceptions of decentralized operations and moving the economy to a genuinely unified future. As it works, GRN can revolutionize blockchain technology while also saving the environment by:
Reducing the carbon footprint of blockchain:
Grid is a solution to a significant flaw in blockchain technology. The GRN Grid runs solely on renewable energy, which reduces its carbon footprint. GRN also has a ReCharge effort for recycling hardware and has strict hardware specifications to limit the need for replacements in the near future.
Growing support for green blockchain projects:
Through charity donations on the Grid smartchain, GRN promotes cleaner energy campuses worldwide. GRN’s green certificate distribution to validators using sustainable energy sources encourages people to join a cleaner-earth movement. In the future, the Grid will rely on initiated partners utilizing only renewable energy sources to power its GRN Grid Nodes.
Web 3.0 Support:
Web 3.0, the next generation of the web, is the remedy to today’s tech concerns, with Web 3.0 applications and technology processing information via an interoperable, seamless, and integrated system providing a more viable approach towards social interactions and several other applications. GRN is already equipped and ready, with Web 3.0 application development and deployment functionality on the Grid.
Complete decentralization and even pay-outs with PoS2:
Using a novel diminishing concave function of the validator’s stake for randomized pools, GRN’s Proof of Stake V2 creates irregular validators for security pools. The POS2 assures that control of the GRN Grid pool does not slip into the hands of a validator monopoly and that validators with a lower stake have an equal chance of earning large pay-outs by getting picked.
Why GRN Makes for a Value Investment
GRN and its Grid smartchain are potential gamechanger for the blockchains and shipping, banking, healthcare, and more industries worldwide. With its attempts to decrease carbon footprint and e-waste, GRN eliminates intermediaries for a genuinely decentralized and sustainable blockchain that cares about the world. GRN is a value investment attracting Web 3.0 developers, investors, and individuals who want to make a difference by enabling a cleaner earth initiative and developing green energy campuses, clean projects, and more. GRN has already won over many with its innovative approach to blockchains and will continue to do so, making GRN a worthwhile investment for anyone wanting to become a part of its Grid smartchain.
Final Words
GRN initiative helps in overcoming the flaws in existing blockchain systems, paving the way for a blockchain ecosystem that is cleaner and more sustainable. GRN Grid offers a fast, sustainable, and secure smartchain that can accommodate Web 3.0 applications. With its aim to minimize energy consumption and e-waste, it certainly offers all the right things required to be the paradigm of future blockchains.
- Will microgrids transform the market? (2017a, November 14). Retrieved February 28, 2022, from Deloitte Switzerland website: https://www2.deloitte.com/ch/en/pages/energy-and-resources/articles/will-microgrids-transform-the-marke.html
- How blockchain and cryptocurrency can create a greener future. (n.d.). Retrieved February 28, 2022, from World Economic Forum website: https://www.weforum.org/agenda/2021/06/how-blockchain-and-cryptocurrencies-can-help-build-a-greener-future/
- Krause, M. J., & Tolaymat, T. (2018). Quantification of energy and carbon costs for mining cryptocurrencies. Nature Sustainability, 1(11), 711–718. doi:10.1038/s41893-018-0152-7
- Bitcoin mining uses as much energy as mining for gold, according to new research. (n.d.). Retrieved February 28, 2022, from World Economic Forum website: https://www.weforum.org/agenda/2018/11/study-reveals-that-bitcoin-mining-uses-as-much-energy-as-mining-for-gold
- (2022a, January 14). Download the GRN Whitepaper – Building a sustainable blockchain. Retrieved March 1, 2022, from Grngrid.com website: https://grngrid.wpengine.com/greenpaper/
- (2022b, February 9). GRN. Retrieved March 1, 2022, from Grngrid.com website: https://grngrid.wpengine.com/
