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Green Blockchain project Grngrid attracted $ 50 million investments
Blockchain project with a focus on renewable energy sources Grngrid attracted $ 50 million from the Gem Digital, which be based.
🚨 Big News! Grngrid Secures 50m USD Investment Communication from Gem Gem. Now We Can Rise to New Heights 🚀 https: // t.CO/LPXQGSON0K
– GRN & Grid (@Grngrid) September 19, 2022
Thanks to the funds received, the team of developers from Switzerland will establish new partnerships, including with exchanges, and will also improve the technologies used.
L1 -blockchain from Grngrid is positioned as a highly scheduled and environmentally friendly. According to the press release, for verification of transactions, users can choose nodes working only on renewable energy sources.
“Grngrid will also register validators using a smart contract and punish any network participant for multiple equipment change,” the project said in the White Paper.
The developers also presented the Proof-Of-Stake V2 (POS2) algorithm.
“Grngrid is the first blockchain with a consensus mechanism specially designed to counteract whales with a more fair distribution [rewards]. This method will ensure increased safety, improved decentralization and financial stability, ”said representatives of the project.
The price of the GRN Grid (G) token over the past day has more than doubled, according to Coingecco.
Recall that in July 5ire attracted $ 100 million to the development of blockchain friendly to Proof-OF-BENEFIT.
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