GENERAL VIEW
The crypto-ecosystem has some issues that need to be tackled. Although the crypto-market has experienced a high growth in 2017, with the present sum of the trading-cap predicted to be 700 billion USD. Furthermore, the market-cap price of crypto has caused an increase in the mining system of today, rendering many benefits and gain to the participants across the globe. However, the Gage of electricity utilized by crypto-currencies mining systems has been reported to have reached an astronomical level that is even more than the total amount of energy used by (Denmark). Moreover, the problem of light energy needs to be addressed quickly, because it has been projected by critical experts that by next year the amount of energy consumed by blockchain systems will be competing with top highest 20 consuming countries. The cost of energy stands to be $0.15 per KW and about 262 KWHs is used for just a single transaction on average. Come to think of how many users conduct transactions on block-chain and how much the blockchain ecosystem has to pay for electricity been used. As a result of this, 4new has come with a value proposition for greater solutions to this problem.
BRIEF DESCRIPTION OF 4NEW
This is a setup that seeks to remove the problem of energy consumption with the crypto-currencies, by providing energy that is extracted from waste products. Users and investors can best be assured that this project will definitely be a success. This is because the setup comprises of 300 years of experience combine together and the team has promised to solve the huge energy problem affecting the crypto community.
HOW THE SETUP PLANS TO SOLVE THE ENERGY PROBLEM
This setup strategies a means to produce energy through the refining of waste products into water and organic material which they can utilize for the crypto community transactions and mining and can also be utilized as a means of business by selling energy to other nations.
This setup also plans to carry the cost of refining the garbage products with the gain they can make by charging to collect the waste and marketing any more substantial products that they acquire. It was mentioned that the cost of producing energy should he covered up and will even add up some additional profits.
4NEW BLOCK-CHAIN
This setup will run on the ethereum block-chain platform that will enable the users to utilize the smart agreement contracts, this renders an additional layer of trust for anybody transacting with other users.
Because the setup themselves is an energy producer this will provide them a great benefit over all other competitors as their costs for mining will be much lower and lesser.
The group behind the setup aim to recreate the waste, energy and the crypto-currency industry gradually. The setup also seeks that their token will be widely accepted by all different platforms.
THE TEAM
It can only be proper that we give kudos to the 4NEW development team for conceptualizing such an impressive and invaluable structure to address a critical challenge in the ecosystem. I greatly commend the Varun Data led team. They are a collection of vastly experienced individuals who have made their marks in the various endeavor.
CONCLUSION
This setup will recreate the energy sector and thereby produce energy for the crypto industry at large. With this amazing features, I believe that this will definitely thrive and bring about a new paradigm for electricity.
For insight about the 4NEW revolutionary project, please clock on the links below:
Website: https://4new.io/
WhitePaper: https://4new.io/wp-content/uploads/2018/07/4New_White_Paper_English-.pdf
Telegram: https://t.me/FRNCoin
Facebook: https://www.facebook.com/4newcoin/
Twitter: https://twitter.com/4newcoin?lang=en
Linkedon: https://www.linkedin.com/company/4newcoin/
Youtube: https://www.youtube.com/channel/UCLzicKiydBSy1nmLSjmkMYg?view_as=subscriber
Instagram: https://www.instagram.com/4newcoin/
Github: https://github.com/muditgrover/4new-crowdsale
Reddit: https://www.reddit.com/r/4newNetwork/
Author's Bitcointalk Username: Jannyh
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1883625