The GRNGrid Smartchain - The Smartchain For a Better Future

The GRNGrid smartchain can be defined as a network of interconnected, decentralized devices that help with GRNGrid management. The CES algorithm is designed to facilitate energy sharing, regulate the distribution network, and stimulate crowdsources to contribute to distributed network ecosystems. The proposed algorithms are based on the ISM method and have been prototyped on the Hyperledger fabric platform. These algorithms are also suitable for distributed networks, but they are not yet ready to deal with malicious crowdsourcing, outsiders, and market stakeholders.The GRNGrid smartchain uses the Ethereum blockchain to implement smart contracts. Each smart contract has a script that contains an optimal strategy for allocating energy resources, taking into account latency and security. This model is being tested with the UK buildings dataset and can validate demand response agreements. Although the prototype doesn't mention energy profile anonymity, the idea is already worth exploring. The GRNGrid smartchain is expected to contribute to national economic development and energy security.

Smart contracts enforce proportional fairness and act as distributed control authorities

The GRNGrid smartchain works by allowing consumers to choose their energy provider from a list of available suppliers. Then, consumers can buy or sell energy generated by the GRNGrid, utilizing KWH tokens. Smart contracts act as escrow mechanisms between the consumer and the producer, ensuring that all parties perform their tasks as they agreed. The GRNGrid smartchain is a decentralized and open platform. With it, consumers can choose from among many offers and pay only for what they use.In addition to regulating the supply of electricity, the Blockchain system also works as a distributed control authority. Nodes are entities that generate or consume electricity. The GRNGrid smartchain allows participants to share a common resource and reward each other. Each node must join the network to receive a reward for their efforts. To make a contribution, a DER must join the network and participate in transactions.

There is also a community-driven version of Hyperledger

Smart GRNGrids should be built around three levels of government, information, and participants. As with any other business, the smart GRNGrid should be built by taking social factors into consideration. By using the Blockchain, the power GRNGrid can be controlled and monitored at three levels: the government, the participants, and the consumer. This study fills a research gap by incorporating the blockchain into the smart GRNGrid. These three levels are important for the future development of the power GRNGrid. Lastly, the smart GRNGrid is based on open standards and enables more efficient operational strategies. With the GRNGrid smartchain, only critical loads will have to pay peak energy prices. This makes consumers more strategic about when they use energy.

In Addition

Flexible generators can sell energy strategically for maximum profit, while inflexible generators will be paid varying tariffs based on demand. And the GRNGrid smartchain will be more than a smart solution to the energy supply crisis.The GRNGrid smartchain is built on the Hyperledger Framework, which provides a distributed ledger platform with a number of components. The framework provides a library for smart contract development and integration, and supports GS1-compatible product data. The GRNGrid also supports multiple standards, including Sabre and Pike. Its simulated use cases include supply chain and inventory management applications. The GRNGrid also supports multiple underlying technologies.

---

Hashtags: #GRNGRID #GRN #SustainableBlockchain #DeFi #cryptocurrency

---

For more info

● Website: https://grngrid.com/
● Official Broker: https://knaken.eu/GRN/
● Twitter: https://twitter.com/grngrid
● Telegram: https://t.me/grncommunity
● Discord: https://discord.com/invite/bDPK9Vf24R

---

Publisher

● BCT Username: Aloon
● BCT Profile Link: https://bitcointalk.org/index.php?
action=profile;u=2280599;sa=summary
● Telegram Username:@Aloon780
● BSC Wallet Address:0xCF2354caE87dd332a42302F2F5253655fcE99593