The Grid Smartchain - The Smartchain for a Better Future
The Grid smartchain is a distributed ledger that can be used to manage the power grid. The idea is that the consumers can pay in advance for the electricity they use, and producers can generate tokens that they can then sell on the network. The tokens represent the amount of electricity consumed, and when a consumer consumes electricity from the grid, they deduct the amount of money in tokens from their account. This way, consumers can see what each producer is offering.Its algorithms facilitate P2P energy sharing, regulate the distribution network, and stimulate crowdsources to contribute to the distributed network ecosystem. The algorithms were developed on the Hyperledger fabric platform, but they are not intended to address any issues with malicious crowdsourcing, market stakeholders, or outsiders. However, the technology will make it possible to build smart grids on a decentralized basis. The Grid smartchain is a great tool for the smart grid industry.The Grid smartchain can contribute to the development of the national economy. It can improve energy efficiency, lower production costs, and improve power infrastructure utilization. The smart grid is a layered system that includes participants, government, and information. The smart grid blockchain system is the backbone of the system and spreads information flow among all participants. Because of this, it ensures that the system will operate without interruption. The Grid smartchain is already helping to improve the world's energy system.
● 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
● Ethereum Username: Eatund79
● Ethereum Profile Link: https://bitcointalk.org/index.php?
action=profile;u=2252708;sa=summary
● Telegram Username: @Eatund79
● BSC Wallet Address:0x553125428f809ceCEBb444C0BaD01307077d0843
The smart contract logic would revoke access
Cyber-attacks can be launched in different ways, and the Grid smartchain can help mitigate them. Malicious attackers can alter data in central controllers, launch availability attacks, inject bad data through PMUs and sensors, or even take over the control channels and generate malicious commands. Blockchain can help overcome this problem and open the way to a decentralized network. However, further research is needed to understand the real impact of this technology.Smart contracts in smart grids ensure the security and transparency of transactions. Smart contracts are backed by multiple nodes on the network, so the information is highly protected from tampering. In addition to increasing the efficiency of smart grid operations, the implementation of smart contracts will also reduce costs and improve service quality. Smart contracts will also increase the security of grid transactions as the system improves. With the Grid smartchain, energy companies will be able to develop their business at lower costs.Smart contracts act as digital protocols that automatically perform predefined actions when requirements are met. For example, smart contracts would ensure that electricity is delivered to a consumer when a producer pays the consumer. Smart contracts are written in code and are permanently committed to the blockchain. Blockchain technology ensures that smart contracts cannot be modified. Therefore, smart contracts are backed by a cryptographic blockchain. If a consumer reaches their consumption limit.The Grid smartchain is designed to enable microgrid communities to share their energies
Its blockchain technology is based on IoT devices, allowing microgrid community members to share their energies with each other. The system generates an energy coin for each kWh of energy produced and stored in a secure wallet. The tokens can be exchanged among community members for energy. With this, it is possible to build a community of microgrid owners and users.The Grid smartchain uses blockchain technology to make the current centralized system more distributed. The blockchain stores contracts, credit stats, and history of participants. Smart contracts function as a distributed control authority that enforces proportional fairness. Distributed feeders make a contract among themselves, based on their stored credits, and then confirm that shifting amongst participants is fair. There are several benefits of this new distributed energy system, and it will be a game changer in our society.
The Grid smartchain is built on a Proof of Stake V2 consensus
This ensures a secure, scalable, and decentralized network that can be used in a green energy campus or a clean project. It has the potential to provide energy-efficient cloud computing solutions throughout the world. A unique feature of the Grid smartchain is that it allows users to vote on whether they want to donate their tokens to charity, as well as the community's initiatives.The Grid has two smart contracts: Schema and Purchase Order. Schema provides a standard way to represent product data, while Purchase Order provides a standard way to share GS1 compatible purchase order data. By using these two smart contracts, Grid users can make use of GS1 compatible product data and other information. The Grid is an open source project that welcomes contributions. Its underlying technology is based on Hyperledger Sawtooth and is fully compatible with distributed ledgers.For Details
● 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
Owner
● Ethereum Username: Eatund79
● Ethereum Profile Link: https://bitcointalk.org/index.php?
action=profile;u=2252708;sa=summary
● Telegram Username: @Eatund79
● BSC Wallet Address:0x553125428f809ceCEBb444C0BaD01307077d0843
● Hashtags: #GRNGRID #GRN #SustainableBlockchain #DeFi #cryptocurrency