With Bitcoin (BTC) prices soaring this year, concerns have been raised about the energy consumption of cryptocurrency mining. Due to the ProW of Work (PoW) mining protocol, according to some estimates, the Bitcoin network uses as much power as Argentina. Therefore, many skeptics immediately owe the digital currency to carbon emissions and climate change. As a result, while some cryptocurrencies do not use mining at all, the industry as a whole is often blamed for the environmental impact.
Some suggest that up to 70% of this energy should come from renewable sources to reduce environmental impact. Instead of being burned all at once, renewable energy can be generated from sunlight, plant growth, or other natural phenomena. Therefore, it can be refilled naturally, unlike fossil fuels, which burn faster than they are filled.
The energy industry was once simple in nature: the tools worked at the center of the system and decided where and when to build production capacity. Tools and regulators are now trying to position themselves as customer centric. Unfortunately, the truth is that they only reworked the story and did not complete the task. As a result, energy costs are often associated with control and trust.
Distributed energy resources (DER) allow users to participate in the so-called global technological revolution, which creates a balance of power between consumers and central authorities. With DER, users can take back control of energy costs and achieve a more socially responsible energy source.
Green Life Energy Global Ltd (GNL) is a team committed to working with DER to be green with blockchain. Through their core product, they give users the ability to make payments based on renewable energy and recycling projects and services, share assets and send money between friends and family.
They share their mission to “make the world a better place for everyone”. As “world’s first atmospheric”, they continue to plant trees and encourage others in the community to do the same.
Help the planet
Green Life Energy Global’s flagship product is the Green Life Energy GNL Token, a digital asset based on the Binance blockchain (BNB). With this code, GNL develops the entire financial sector related to energy payments and recycling. The project will provide renewable energy to households and other crypto-miners by accepting payments in the national currency – GNL. As a result, the GNL team is committed to identifying carbon-neutral electricity, tree planting, recycling facilities, sustainable fuels, and the Center for Global Climate Change Research.
Based on blockchain technology, GNL Energy Token is designed to complete transactions in seconds using automated LP features. Each trade made contributes to an automatically generated liquidity pool, RFI, so that stock holders can receive passive bonuses, farm and place bets.
More information about GREEN LIFE ENERGY here
The project will also include the GNL Wallet, which will provide users with a platform to exchange GNL with more than 100 different cryptocurrencies. The team intends to make the wallet a quick and easy way for beginners and experienced users to manage their digital assets.
GNL expects the project to last a long time, with many big plans for the future. Among them are plans to expand efforts around the world. Although they acknowledge that there are other companies in the field, it is unique in that it uses a large blockchain.
The project is currently led by CEO John Wood, a forestry and woodworking contractor with over seven years of experience in biomass energy and processing, and Simon Daniell, who has a degree in computer science and communications. GNL is still in the early stage of development, although plans for the near future include launching a commercial competition for GNL, NFT distribution, partnerships with renewable energy and recycling companies, and placing bamboo products on shop windows.