There is no energy crisis, only a crisis of ignorance. R. Buckminster Fuller.
London, United Kingdom (PRWEB) October 17, 2017
State of Affairs
Cryptocurrencies are projected to exceed market capitalization of 200 Billion USD by the end of 2017. Although, cryptocurrencies are on the brink of mass adoption, nevertheless, there are still some challenges.
One Bitcoin transaction consumes as much energy as 7.55 homes in the United States for 1 day, compared to one Ethereum transaction that consumes as much energy as 1.34 homes in the United States for 1 day as of this article.
In 2015, Bitcoin consumed as much energy as Ethereum does today, however, given the rising price and demand for cryptocurrencies the energy consumption for Bitcoin has skyrocketed. Ethereum is on the same track as Bitcoin, given most ICO’s lately are choosing to build their respective platforms using Ethereum.
To combat this trend, Ethereum has planned to change its proof-of-work algorithm to an energy efficient proof-of-stake algorithm namely Casper. This change is expected to minimize energy consumption which will be implemented gradually.
4NEW Limited is the world’s first blockchain integrated, Waste to Energy public utility treatment plant. 4NEW will revolutionize Waste and Energy industries by offering services as a wholesaler within the Utilities sector that is fully integrated onto an open source, decentralized public exchange enabling consumers and industry peers alike to trade their 4NEW Coins towards payments within the 4NEW ecosystem.
4NEW’s platform solves two of the biggest social issues of our time. 4NEW collects the waste from households, processing it through its waste conversion treatment plant, turning it into electricity. And then the electricity is sold back to the households, where the waste was collected from. Alternatively, electricity can also be sold to the national grid or aggregators that would be regarded as industry peers, or data servers to support future blockchain platforms.
Moreover, 4NEW will be able to support the energy consumption costs of its own decentralized open source platform enabling 4NEW to operate at significantly reduced costs compared to the other blockchain networks.
With a global plan to scale this localized solution addressing the waste surplus and the energy shortfall crisis, 4NEW will not only revolutionize the blockchain network but also standardize digital assets as a means to transact business within a conventional setting.
With three sites already identified to launch within the United Kingdom, 4NEW will be completely installed and operational by December 31, 2018. Given the short gestation period, 4NEW will quickly position itself in a crowded ICO world as one of the most stable and liquid digital assets available to the community.
Coin Price Stability and Liquidity
The constant growing demand for 4NEW services within its ecosystem will directly correlate to liquidity for the 4NEW Coin. Additionally, with the ability to determine future sales and revenues, 4NEW is equipped to have a clear and transparent outlook for supply and demand for its coins at any given time. This supply/demand predictability facilitates price stability for the 4NEW Coin.
4NEW Limited is scheduled to launch its Pre-sale round starting October 17th, 2017 through till November 14, 2017. Additionally, the Live Launch will occur November 15th, 2017 through December 15th, 2017, with a subsequent listing on exchanges by December 18th, 2017.
Our modern day technological revolution has been fueled by our ability to extract energy from our surroundings. Mankind has historically used and abused fossil fuels to sustain the Industrial Revolution over the past 200 years. However, as we have finally realized, Newton’s third law of motion states that every action has an equal and opposite reaction. Our impact on the world and environment to pacify our hunger to fuel this unsustainable need for energy in order to support our modern lifestyle has come with an equal and opposite push back from planet Earth. Weather channels across the world will confirm an increasing number of record heat years in various parts of the world, in addition, mind numbing category 5 hurricanes and typhoons around the world causing destruction in metropolitan cities with large populations, or the disappearing ice-caps causing a severe threat of rising sea levels.
Rise of Digital Assets
In the midst of this great and grand energy gap that currently exists, allow me to introduce the next revolution, in case you were living under a rock over the past 12 months. Digital Assets such as cryptocurrencies, officially transitioning onto the MainStage after years of being in the shadows, have finally been acknowledged by the world as a disruptive, scalable and flexible solution that is here to stay. This year alone, close to USD 4 billion in ICOs are currently on their way to adding value to this network and many more are to follow prior to the end of the year. Some may regard this mania as a bubble ready to burst, however, in our opinion, this movement marks the birth of a new asset class, namely Digital Assets, which have never existed before. Observing the birth of an asset class is truly a celestial event, having occurred only a few times in the course of human evolution.
Those who do not learn from history, are doomed to repeat it.
Nevertheless, we cannot afford to ignore the lessons of the Industrial Revolution that eventually led to the Technological Revolution, which is to be cognizant of our energy consumption while we fuel our growth. What the new entrants into this crypto-world have not realized is that the blockchain network using cryptocurrencies such as Bitcoin and Ethereum are still unsustainable in the long run given the voracious energy consumption required by the networks to perform either a single Bitcoin or Ethereum transaction.