*To begin with-

Since its inception more than a decade ago, the blockchain sector has grown to become one of the world's largest consumers of energy and data transmission capacity, ranking third in the world in terms of energy consumption. The blockchain sector has risen to become one of the world's greatest consumers of available energy capacity as a result of its rapid expansion since its inception more than a decade ago. As a result of the duplication of data generated by the technology, recent research undertaken by Sadlmeir et al. (2020) studied how decentralized blockchain technology inherently consumes more energy than non-blockchain-based centralized systems as a result of its intrinsic energy consumption.

*About GRN Grid-

This indicates that the present Bitcoin network consumes 0.5 percent of all the energy consumed worldwide in order to remain active and functional. According to Google, this represents seven times the amount of computing power that the company has ever used in the course of its entire history (Businessinsider, 2021). According to the United Nations, renewable energy sources account for only 28 percent of the total energy generated around the world. A blockchain is a decentralized ledger that records transactions between two parties in perpetuity without the requirement for third-party verification.

Blockchains are becoming increasingly popular. Blockchains are gaining in popularity all of the time. Cryptocurrencies such as blockchains are rising in popularity all the time. In recent years, the usage of blockchain technology has become increasingly popular. On a daily basis, more and more people are becoming interested in the blockchain technology and the potential it has. As predicted by industry specialists, the cost of transactions is expected to reduce significantly in the near future.

It is necessary for the GRN Grid smart chain to be completely fed by renewable energy sources such as solar and wind power in order for it to be capable of operating entirely on renewable energy sources such as solar and wind power. But more crucially, Grid makes a big contribution to alleviating the severity of one of the most serious challenges associated with blockchain technology, which is also one of the technology's most significant advantages. Grid is currently undergoing beta testing. The ability of blockchain technology to operate over a distributed network is a major element of the technology, and it is the most significant feature of the technology in general. Its cost-effectiveness in compared to other solutions is one of the technology's most essential characteristics.

*To conclude-

The ability of blockchain technology to operate on a decentralized network is a critical component of the technology. As previously said, this is one of the most defining characteristics of the technology. As stated by the project's managers, GRN Energy's partners believe that it will be completed in a very short amount of time. As a result of the formal acknowledgment, companies that collaborate with GRN Energy will be able to more easily identify the existence of The GRN Grid in their operations.

As stated in their own comments, they intend to install GRN Grid Nodes on mining campuses around the world because they are the only ones who have been authorized as consumers of green energy, and they believe they are the only ones who have been authorized as users of green energy, according to their own observations. In order to promote openness among stakeholders and transparency for the general public, it has been agreed that the identities of those who participated in the engagement process will be made publicly available on the GRN Energy website. This will encourage openness among stakeholders as well as transparency for the general public. When compared to alternative (de)centralized technologies, the grid will have distinct advantages, allowing it to compete more effectively in the marketplace. Following the roadmap's timeline, it is predicted that the GRN Grid, together with its supporting features and the wallet application, will be ready in the near future. In a subsequent section, we will provide a more in-depth discussion of the technological characteristics of the GRN Grid.

More Details:

Web link : https://grngrid.com
TG Official Group: https://t.me/grncommunity
Twitter Link: https://twitter.com/grngrid

Owner:

BitcoinTalk Username: ShiftLocker
Forum Account link: https://bitcointalk.org/index.php?action=profile;u=2110501;sa=summary
TG User: @coinages
Proof Of Authentication Link: https://bitcointalk.org/index.php?topic=5390302.msg59761490#msg59761490
Ethereum Wallet Address: 0x019Ea615570803aD763D11e65F0D9ff412A633e1