Good day guys ,today I would be introducing you to 4new ,before i continue with my explanation i would like you to watch the short clip below to give you an insight of this interesting project is about:
Further I go with my expalnation i would be talking about the following:
- Problems and Solution 4New will b e offering
- What 4New has to offer
- How it works
Problem
Waste:According to research we throw away 2.12 billion tonnes of waste globally each year, growing 3% each year – this means we will double our waste output in 25 years.
Solution
Each of our plants take in 50,000-100,000 tonnes of waste annually, processing it in an environmentally-friendly method, in order to create electricity. Gate fees offset the operational costs of the plants, allowing for free electricity production.
Problem
Energy:The world energy supply is around 80 percent reliant on fossil fuel energy. The IEA predicts a rise in global energy demand of 50-60%, and a 50% rise in greenhouse gas emissions by 2030.
Solution
The electricity we produce is constant, year round, and is scalable to any location with human activity. Electricity is either sold to the national grid or applied to operate mining processes at the onsite mining farm.
Problem
Cryptocurrency Mining:Crypto-mining energy consumption growth is exponential. As of March 31, 2018, 1 Bitcoin transaction consumed as much power as 30.5 US households for a day, this is a 500% rise since September 2017.
Solution
4NEW is the world’s first eco-friendly blockchain ecosytem powered by waste to energy power plants. 4New’s ecosystem will provide a blockchain platform that will enable decentralized, peer to peer transactions whereby production of energy can directly meet the consumption of energy globally.
What 4New has to offer
4New has lot interesting things to offer such as:
- Process Waste:With two operating Waste to Energy power plants generating 10 megawatts per hour and a third site identified for operational launch in 2019, 4NEW is positioned to activate the blockchain ecosystem with its onsite mining farm this summer. Production finally meets Consumption.
- Free Energy:Bitcoin mining has been deemed an environmental disaster. As of March 31 2018, 1 Bitcoin transaction has been known to consume as much power as 30.5 US households for a day. Our free energy is consumed by an onsite mining farm enabling us to present a sustainable, viable and scalable solution to facilitate wide spread adoption of cryptocurrencies.
- Blockchain: It will enable coin holders to loan or stake their coins on a quarterly basis. The coins represent electricity on the blockchain available for utilization by miners. Miners will have the ability to utilize staked energy, as represented by the coin, to process transactions within the top 20 cryptocurrencies.
- Revolutionize Industries: We will provide a blockchain platform that will enable decentralized, peer to peer transactions whereby production of energy can directly meet the consumption of energy globally. We will revolutionize the industries of Waste, Energy and Crypto-mining ushering a new era.
How it works
When someone requests a transaction the requested transaction is broadcasted to a P2P network consisting of computers, known as nodes,the network of nodes validates the transaction and the user’s status using known algorithms.after this a verified transaction can involve contracts, records, or other information then the transaction is complete.The new block is then added to the existing blockchain, in a way that is permanent and unalterable.Once verified, the transaction is combined with other transactions to create a new block of data for the ledger.
- A pictorial chart of how it works
Thanks for reading and watch out for my next article on this wonderful project
To know more about this project you can visit:
- Website: https://4new.io/
- Whitepaper: https://4new.io/wp-content/uploads/2018/05/4New_WhitePaper_English.pdf
- Telegram : https://t.me/FRNCoin
- Facebook : https://www.facebook.com/4newcoin/
- Twitter :https://twitter.com/4newcoin?lang=en
- Bitcointalk https://bitcointalk.org/index.php?topic=2364696.0
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile&u=1811169
Wallet address: 0x11Bc482Ef059AFFAEa099FC909BcdC5b021E0393