The 'CRED' Cryptocurrency Lets Miners Control Their Energy Consumption
Rahul Kalvapalle — April 4, 2018 — Eco
References: credits.energy & news.bitcoin
While most crypto assets out there seem solely focused on helping people make money, a new project called CRED is looking to combine the wealth-generating potential of cryptocurrency with a larger mission of helping to promote renewable energy and support a variety of eco-friendly projects.
Dubbed 'CRED,' this new crypto asset will be launched in conjunction with a proprietary smartphone app that will make it possible for users to mine for CRED tokens while being able to exercise control over their mining power, and choosing between low, medium and high power consumption.
While crypto assets are set to revolutionize the world and improve many aspects of our lives, the process of cryptocurrency mining takes up tremendous amounts of energy, a problem which the eco-friendly CRED crypto asset hopes to solve.
Dubbed 'CRED,' this new crypto asset will be launched in conjunction with a proprietary smartphone app that will make it possible for users to mine for CRED tokens while being able to exercise control over their mining power, and choosing between low, medium and high power consumption.
While crypto assets are set to revolutionize the world and improve many aspects of our lives, the process of cryptocurrency mining takes up tremendous amounts of energy, a problem which the eco-friendly CRED crypto asset hopes to solve.
Trend Themes
1. Renewable Energy Cryptocurrencies - The trend of cryptocurrencies combining with renewable energy to promote eco-friendly projects presents disruptive innovation opportunities for sustainable wealth generation.
2. Controlled Mining Power - The trend of crypto assets allowing users to exercise control over their mining power presents disruptive innovation opportunities for energy-efficient blockchain networks.
3. Energy-efficient Cryptocurrency Mining - The trend of developing crypto assets that optimize mining power consumption presents disruptive innovation opportunities for reducing the environmental impact of blockchain technology.
Industry Implications
1. Blockchain and Renewable Energy - The convergence of blockchain technology and renewable energy industry presents disruptive innovation opportunities for transparent and sustainable energy solutions.
2. Smartphone App Development - The development of smartphone apps for cryptocurrency mining control presents disruptive innovation opportunities for user-friendly and energy-efficient mining experiences.
3. Crypto Asset and Sustainable Finance - The intersection of crypto assets and sustainable finance industry presents disruptive innovation opportunities for eco-friendly wealth generation and impact investment.
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