XINFIN (XDC) — The Green Coin on the hybrid blockchain

XINFIN (XDC) — The Green Coin on the hybrid blockchain That is Poised To Disrupt Green Energy and Renewables Sector.
By: XinFin
 
 
XinFin is a Green Coin
XinFin is a Green Coin
SINGAPORE - Aug. 9, 2018 - PRLog -- According to Morgan Stanley, "Energy needed to mine bitcoin could be more than is used by the entire country of Argentina in 2018" The bank estimates power for bitcoin mining, which has already been estimated to use more than 159 countries in 2017, will make up 0.6% of global demand. Similarly, total energy consumed by bitcoin network in one year could power 6585585 home for the entire year.

Due to its extremely high and increasing demand for electricity, cryptocurrency mining (of bitcoin and other cryptocurrencies) poses a potentially real and present danger to the world's already-too-slow migration towards clean energy source.

There are many Altcoins now entering the crypto markets; thanks to the ease of use of the Blockchain technology. While most of these coins are focused on solving real-life problems and giving the user a better experience, green innovation has always been the less addressed sector.

Consequently, governments across the world continue to struggle to afford basic amenities such as clean energy, sanitation, hospitals, and roads. It is even tougher for developing countries: accessing available financing under favorable conditions is a nightmare!

However, all is not lost. Meet XINFIN (XDC), a green coin that is set to revolutionize the green industry. So, let's delve in and explore:
First, what is XinFin?
XinFin is a much evolved GREEN hybrid blockchain platform. The platform uses XDC (Xchange Infinite Development Contract) tokens. XinFin blockchain platform removes traditional High Power consumption based mining technology called PoW (Proof of Work).
The underlying technology of this platform is designed to take responsible care of the environment as well as enable efficient crowdfunding for environmentally friendly projects.

How XINFIN improved over bitcoin technology and is supporting green projects??
Unlike Bitcoin and many other cryptocurrencies, XinFin is friendly to mother earth as well as well as people sending, receiving and storing value on the platform. This can be attributed to Proof of Stake (PoS) mining.
XinFin's Proof of Stake (PoS) mining replaces Bitcoin's Proof of Work (PoW) methodology for executing transactions on the Blockchain. It is also important to note that currently, XinFin (XDC) is not publicly mineable. To be a master node, you will need to undergo XinFin's evaluation process successfully.

But, what is the difference? Unlike Bitcoin's PoW which is known to waste electricity, with XinFin the mining energy required is as little as the power consumed to run a word processor on your computer.
What is more? Transactions on the XinFin network are much faster than Bitcoin. What Bitcoin could transfer in an hour, XinFin can do in seconds.

Final word
As you can see, XinFin offers a greener solution to crypto mining that is also more transparent for investors. XinFin saves energy. It doesn't have proof of work. And besides mining being free, it is never intensive. While other coins are not long-term feasible, XinFin is.

Businesses using the platform are not only expected to perform optimally but will go a long way in conserving mother earth. Major corporations such as Ramco are already on board. Here is an opportunity to get in too, download your free XINFIN (XDC) wallet here (https://ewallet.xinfin.org/).

Contact
Nadar Suresh
***@xinfin.org
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Tags:Greencoins, Cryptocurrency, Hybridblockchain
Industry:Technology
Location:Singapore - Singapore - Singapore
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Page Updated Last on: Aug 10, 2018
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