GRN Grid is a ground-breaking blockchain technology built on the Proof of Stake V2 consensus mechanism. Grid will mainly focus on:
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.
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 build-up. These characteristics position GRN as a viable alternative to existing (de)centralized technology.