GRN Grid

GRN Grid

Introduction

Since its beginnings, the blockchain industry has been a source of contention due to its wasteful use of power and resultant e-waste. The carbon footprint, along with other shortcomings, prevent them from acting as a viable alternative to the current centralized system or for wider adoption. We aim to combat these issues by introducing GRN GRID and its native token GRN (GRN is pronounced as Green). Through the use of its novel and unique Proof of Stake v2 algorithm, GRN Grid is designed to be an energy-efficient, high performance, low fee smartchain that actively supports decentralization and security. Since our technology enables green-only transactions, Grid emerges as the first smartchain to be created with the capability of operating entirely on renewable energy sources. Furthermore, Grid incorporates several notable features, such as an integrated payment and escrow system, swapping pools, and encrypted chat between users. No permission is required for the functionality, and the Grid validator nodes are decentralized and permissionless.

 

The GRN token serves multiple use cases in Grid, including staking, paying for fees and validators incentives. Furthermore, GRN token is also used to promote the adoption of renewable energy by the usage of GRN token in the operations of a renewable energy and mining company. Grid’s objective is to accelerate the adoption of renewable energy in blockchain technology and to provide every company and person with the opportunity to “go green” as soon as WEB3.0 is universally embraced. Additionally, the progressive distribution of GRN for validation supports sustainable development and discourages wealth buildup. These characteristics position GRN as a viable alternative to existing (de)centralized technology.

GRN Association

The GRN Association is a non-profit initiative of GRNBi B.V. to ensure the sustainability of blockchain technologies. GRNBi HQ is based in the Netherlands and will hand over assets correlated to Grid and GRN to the GRN Association. The GRN Association will be established in Switzerland. Overall, the GRN Association safeguards the vision of sustainability within the GRN community. Moreover, it will also be responsible for keeping the decentralized nature of the blockchain intact.

 

Blockchain

Blockchain is a shared, immutable ledger used to record transactions and assets within a network. These assets can be anything tangible or intangible. Blockchain technology is widely known for its capability to be decentralized and “trustless”, see Nakamoto (2008). In the blockchain sector, “trustless” simply implies that you do not have to invest your whole trust in a stranger, institution, or other third parties in order for a network or payment system to operate.

 

At its core, blockchain is an open, decentralized ledger that permanently records transactions between two parties without needing third-party authentication. This creates an extremely efficient process, and one people predict will dramatically reduce the cost of transactions. Furthermore, decentralised blockchain technology forms the backbone of the transition to Web3. In essence, Web3 represents the new iteration of the World Wide Web that incorporates decentralization based on blockchains. Web3 is the solution to the Big Tech problems that are becoming more prevalent every day. However, using blockchain to replace the existing centralized systems introduces a new set of challenges.

 

GRN Grid

GRN Grid is a ground-breaking blockchain technology built on the Proof of Stake V2 consensus mechanism. Grid will mainly focus on:

• Setting a framework for creative corporate solutions
• Consumer usability
• Deployment and development of WEB3.0 applications
• Sustainability of blockchain

Grid will introduce novel features to better compete with decentralized technologies, detailed in. GRN Grid, along with its features and the wallet application, is scheduled to be released according to the roadmap. The technical details of the GRN Grid will be explained in the upcoming technical.

 

green Energy 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. The involved parties are disclosed on the website of GRN Energy. To encourage the usage of renewable energy, GRN introduces green certificates to validators that meet given requirements proof their energy source is green.

The verification procedure is completely free, and the application is accessible to everyone without any restrictions. The application is fully decentralised, hence no gate keeping occurs. The verifying method will be based on the latest advancements in this field, such as the paper of Knirsch et al. (2020)5. 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

 

GRN TOKEN INFORMATION

Green is the GRID native token designed to drive the platform's activities such as transaction payments, rewards on staking and validation, feature voting, as well as shopping activities on the GRID platform.

Token Name: GRN Token

Token Symbol: $G

Total Supply: 1,000,000,000 GRN

ROADMAP

Come 2022, stage 1.

Early birds phase

Pre-sale

Come 2022, stage 2.

Listing on CEX and DEX

Association of GRN established

Come 2022, stage 4.

launch off/grid

Come 2023, stage 1.

Grid launch

Come 2023, stage 3.

Expansion of the GRN team and partnership

 

CONCLUSION

The GRN GRID is a promising and fully DEX decentralized blockchain platform with high performing capacity which is built on the 3rd generation blockchains. Highly secured, transparent to users and built with a user friendly interface. Scalability is another great feature of the GRN GRID. The GRID has an association known as the GRN Association whose major assignment is to make sure that blockchain technology is well sustained. In all GRN GRID is a reward based ecosystem built to provide crypto lovers with a better alternative for reward earning.

 

Official Contract

WEBSITE: https://grngrid.com/
WEBSITE: https://knaken.eu/GRN/
TWITTER: https://twitter.com/grngrid
TELEGRAM: https://t.me/grncommunity
DISCORD: https://discord.com/invite/bDPK9Vf24R

 

AUTHOR

Bitcointalk Username: Matt Ritchie

BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3205389

Telegram Username: https://t.me/lolalalilulu

Wallet Address: 0x75cda3834A4e2090dDd5984fBd97dcAa9E665A55