Greeneum Global Energy Network

INTRODUCTION

Energy is now widely used in this present times, and as our population rises, so does the demand for energy. As energy is being produced, pollution also come along which cause harm to our ecosystem and our health. CO2 is emitted in the air during these pollution which cause health complications when inhaled for too long. The World Bank stated that air pollution is harmful to us and it is known to take up a large amount of money every year. IEA has also stated that with the new energy places put in place, demands will continue to rise by 1.3% every year till 2040. As this demand keeps growing, it will be evident in our today world as emissions will constantly be experienced. Though, the emissions surprisingly decreased in 2018 after its constant increase two years before that. It was known that the decrease of carbon dioxide emissions that took place in 2018 was caused by the change in the use of energy sources; from non-renewable energy sources to renewable energy sources.

GREEN TOKENS

these tokens are the utility token of the Greeneum platform. The platform allows their users to hold and trade the GREEN token in their marketplace. Contributors are not also excluded as they can hold the GREEN tokens and support the growth of the Greeneum platform. Greeneum will disburse the GREEN tokens to strong supporters and members in their network. The allocation of GREEN tokens is not yet available to the public yet. Users of the platform can use the GREEN token to gain entry to the platform and obtain some of their services such as GREEN certificates, CO2 credits etc. Ethereum blockchain which is the blockchain used on Greeneum was carefully selected because of its ability to allow for the creation of complicated systems with little access costs. Greeneum certificates can be exchanged for GREEN tokens. These GREEN tokens are just like BTC and were created on the ERC-721 network which is a kind of Ethereum blockchain made for mainly Non-fungible tokens. Non-fungible tokens are a special kind of tokens that can't be interchanged with one another and it not readily available in the digital space. GREEN tokens are created and given to the holders on the blockchain using decentralized apps. Transactions can be carried out between the GREEN tokens, but they cannot be interchanged. GREEN tokens can also be utilized in the Greeneum marketplace where it can be used to carry out purchases.

Atomic swaps can be used as a method to exchange GREEN tokens for other cryptocurrencies. Not only does atomic cross-chain swap allow most trading of cryptocurrencies with low risk to market volatility, but also avoid third-party entity. It lets producers exchange their GREEN certificates, CO2 credits and GREEN token's using their marketplace through P2P transaction. Ethereum blockchain can accommodate atomic swaps, so it therefore allows users to trade and enjoy their GREEN tokens. Atomic swaps involving EOS and ETH blockchain is now open and is already being used by a distributed crypto exchange.

FOR MORE INFORMATION :
Website : https://www.greeneum.net/

Twitter : https://twitter.com/GreeneumNet

Telegram : https://t.me/GreeneumNetworkChannel

AUTHOR
Bitcointalk Username: Bestmanbuka
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2125805