The Green blockchain community unveiled it’s newest verison of the Green smart node.
Green, the first blockchain project to tackle the global energy crisis by implementing the Proof of Power algorithm to reward responsible energy consumption, activated its five-thousandth node this past month. The 5,000 node milestone represents a major milestone in the adoption of Green as the standard currency in the emerging energy marketplace.
The Proof of Power algorithm was developed as a mechanism to incentivize personal energy production by authenticating the means by which energy is both generated and used. Proof of Power is unique to the Green blockchain, and since 2018, a growing community of Green node owners has been leveraging the algorithm to earn compounded, bitcoin-like, digital rewards as they mine Green. Although it has recently passed the 5,000 node mark, Green is not slowing down – activation of Green nodes is accelerating. Within months the number of active and listening Green nodes will surpass the number of active Ethereum nodes (5,289).
AS WITH ALL BLOCKCHAINS, THE SECURITY AND INFALLIBILITY OF GREEN IS A RESULT OF THE NETWORK’S DECENTRALIZED NATURE. GREEN IS ALREADY OVER 5,000 NODES STRONG. BY COMPARISON, ETHEREUM IS COMPRISED OF JUST OVER 5,200 NODES WORLDWIDE.
As an established blockchain project with a strong support community and clear mission, Green is well positioned to deliver on its mission to become the de facto marketplace and currency of the emerging global energy market.
Launched in beta in 2018, and currently running on over 5,000 Green nodes around the world, the Green blockchain is the first and largest decentralized public power grid in the world. Miners earn Green, the native token of the Green blockchain, by performing actions that are rewarded according to a novel work algorithm called ‘Proof of Power’. Green aims to become the de facto currency in the emerging decentralized global energy market place.
Green was founded by a community of blockchain early adopters and developers, and is operated by a decentralized and diverse group of energy industry thought leaders, entrepreneurs, developers, and blockchain enthusiasts. Green is truly power for the people.
For more information, please visit www.share.green
