GRID: Offers a solution to reduce costs and create new opportunities in the cryptocurrency marketplace.

INTRODUCTION

Grid is a decentralized platform that revolutionizes the current status quo of customer-supplier transaction models by allowing access for anyone around the world to participate in a new marketplace based on peer-to-peer transactions. Grid offers smart contract technology as part of their advanced infrastructure to enable energy transactions that have been made verified and authenticated using tokens resulting from precise smart meter readings. Grid also provides protection against spam and junk messaging so customers are being protected from malicious attacks.

These contracts are a vital part of the foundation that ensures all funds will be correctly handled without any possibility of fraud. The Grid Platform also includes several special features such as an integrated payment and escrow system, swapping pools, and encrypted chat functionality between users. No permission is required for this functionality and the validation is decentralized so it 's not reliant on any single person or corporation .

Grid is creating a power network for people who happen to own solar panels. Grid's native token, GRID, is like airmiles for individuals and companies that decide to recycle their own electricity by paying others at the same time when their own devices are not in need of it.

Grid offers multiple means on how to use the GRN token. Apart from staking, users can purchase the GRID token and use it to pay for their energy needs. It also serves as a mean of incentive for validators while they earn GridCoin when they contribute to strengthening and securing the Blockchain. The GRN token has further utility in that it can be amalgamated by an energy company created by Grid leadership as another effective mean of promoting its renewable energy service offerings.

Tokens on our platform now can be traded with other users, who can store them or transfer them to third parties at their own discretion. We have created an incentive model that rewards users who are utilizing the token ecosystem and create negative feedback for those who are either hoarding tokens or not actively contributing to community. For example, when a new user buys token within the network, he/she receives 5% of value in GRN token which gets immediately returned from circulation every time once the transaction is performed (whereas 5% of value in GRN is taken out of circulation). This process happens automatically and we see it as a form of balancing inequalities within society.

OBJECTIVE 

Grid’s objective is to revolutionize the way renewable energy conversion is conceptualized and implemented in blockchain technology by providing a unique platform which will accelerate the adoption of renewable energy use by companies and individual people alike, and leading the way towards Utopian-backed goals set by several future-oriented organizations such as the UN. The progressive distribution of GRN for validation supports sustainable development (e.g. rewards low cost renewable energy producers like solar investors) and discourages wealth build-up (by promoting grid power use instead), thus positioning GRN as a viable alternative to existing centralized technology.

ENVIRONMENTAL SOLUTIONS

The GRN Grid smartchain is based on renewable energy. Therefore, the digital currency does not yield on a harmful effect to the environment. The smartchain is going to be activated by verified partners of GRN Energy. These partners are selected and comply with the international laws when it comes down to energy management.

To encourage the use of renewable energy, GRN has launched a 'green certificate' scheme. Participating companies can exchange their non-renewable forms of energy for green certificates - also known as GRNs. Any company that produces sustainable forms of energy can join in and earn these valuable tokens whether it's an individual, business or community. The verification process is completely free and open to everyone anywhere in the world without any restrictions. This way businesses do not have to pay to get verified through external agencies, saving time and money. It's a fully decentralised system, so no gatekeepers are involved; it's truly innovative!

Grid allows users to set up main validators who run the validation protocol on their computers. These nodes will help keep this decentralized system strong by approving transactions and being rewarded for doing so! Because even small amounts of stake can make a difference, it's important to know where your stake is going when electing your validator. So choose one that is reputable, reliable and trustworthy to run your software with you in the network!

SECURITY AND DECENTRALISATION

The blockchain industry relies on validators without a clear penalty system. This exposes consumers and institutions to risk, such as the notorious 2017 attack where all Ethereum's assets were stolen. The lack of active security and a transparent penalty mechanism are primary impediments that prevent blockchain adoption. This is important because, in PoW systems like Bitcoin, all of the hash rate is in the hands of four huge distributors only.

One of the assumptions of Proof of work is that to get more hashing power, you need to have more money. Often times this assumption isn’t true and many people have managed to use consumers’ CPUs to mine Bitcoins faster than everyone else by taking advantage of “pools”. In fact, the top four Bitcoin miners control over 53% of all hashing power which can be disastrous for the entire cryptocurrency scene.

Proof of Stake assumes that token holders have both the incentive and the power to validate activities on staked platforms. The concept considers that validators can validate transactions as long as they possess a sizeable stake in the network (Vitalik, 206). However, this fairytale assumes that bad actors can’t exploit opportunities when **** hits the fan and that they didn't get their tokens through deception or an attack. If this was true, then projects would be perfect! And P of S is currently actively discouraging decentralization because it's encouraging wealth concentration because validator rewards are linked not only to how much money you are willing to risk, but also how much of your stake you are willing to share with everyone else in order to allow transactions to take place. This means wealth will concentrate throughout certain key hands and new validators will be faced with high stakes costs

SPEED AND SCALABILITY

Existing blockchains are typically classified into three categories;

FIRST GENERATION

Bitcoin and other similar currencies were the first of their kind, requiring a more secure and efficient transaction system. These currencies can be regarded as the frontier of cryptocurrency development, setting the framework for those that would follow in their footsteps.

SECOND GENERATION 

There is a second generation of blockchain systems which allow developers to create decentralized applications by providing both better throughput efficiency and support more crypto-assets. But while they used PoW in the first generation—with the exception of Neo—the recent PoS implementations result in increased scalability and a potential 2,000X improvement in transaction per second capacity compared to Bitcoin, for example.

THIRD GENERATION

Third generation blockchains, such as Solana , are constructed on top of the previous two generations and address several scalability difficulties. For instance, Solana boasts a theoretical speed of 50.000 TPS . By expanding bandwidth and lowering expenses, this generation enhances the utility of blockchain for the common customer .

GRID FEATURES 

1. GRNPay

You will want to pair this great feature with other smart apps that is compatible with EnScrypt and Exnode. If you use EnScrypt, it can hold the information of this app and notify the user when payment is received. The Exnode can handle currency conversions for people who don't have a GRN wallet. This is why GRNPay does not have an option for currency conversion , but if you are using EnScrypt or EXNode, then it does not matter.

2. EnScrypt

EnScrypt will allow users to attach a message which they can then send with every transaction or as standalone messages. These messages can include invoice numbers, payment reference codes and friendly notes.

3. ExNode

ExNode is a Grid integrated exchange service that runs on the blockchain. Users can either stake or swap their tokens to any (stable) currency of choice on Grid, without ever needing to make a transaction to the ExNode contracts directly. Staking involves creating a fee which may be higher or lower depending on the GRN token and whether you are staking based on GRN tokens or any supported third-party tokens once implemented. This way anyone can stake EXNode by simply temporarily forking over some GRN tokens in order to enjoy all of the benefits that staking provides.

TOKENOMICS

Green ($G) will serve as the native token on Grid and will primarily be used for:

1. Shopping on the Grid (NFTs)

2. Staking rewards and validation

3. Voting for features

ROADMAP

Starting out on the Grid network in Q1 of 2023, GRN tokens will be transferrable and usable within the ecosystem until 30% of storage space has been used up. Since GRN is a stable token that is always worth $1 USD over time, its utility will allow it to be valid currency across other blockchain platforms without causing instability. Since GRN has both utility and mobility , we are able to use it as a form of payment within the Grid network. Once GRN reaches a certain capacity threshold, we will have introduced the Grid Bridge, our connecting point between blockchains which gives us an opportunity to test and iterate our database until our core offering is finalized by 2026.

CONCLUSION

Grid is a sustainable approach to the ever-growing blockchain industry by providing a novel solution. With Grid, users can make use of other platforms' utilities while only paying for what they plan to use specifically! That way, Grid users don't pay for anything unnecessary and traditional billing methods will be a thing of the past now that the features tied directly into payments on Grid makes it easy to manage your account through smart contract automation. Automation means that with Grid you won't have to worry about missed bill payments or spending more than what you've budgeted for because auto-payments are set up automatically so you can focus on doing whatever it is that needs your attention rather than wasting time paying your bills.

  

PROJECT LINKS

Website: https://discord.gg/bDPK9Vf24R

Telegram: https://t.me/grncommunity

Twitter: https://twitter.com/grngrid

Discord: https://discord.gg/bDPK9Vf24R

LinkedIn: https://grngrid.com/#

AUTHOR

Bitcointalk username: Modent

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3456178

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Telegram username: @modent22

BSC Wallet Address: 0x9a30E22Bd99b036BA158DC0922c2d87bcF7BD290