Abstract Green is commonly used to represent growth, health and sustainability. GreenPower is a hybrid cryptocurrency that encompasses all of these qualities. GreenPower has been designed to reach mainstream levels of global growth, has been structured to maintain optimal systemic health and has been built to deliver long-term operational sustainability. The focus of GreenPower is on achieving unprecedented levels of utility, liquidity and efficiency within the realm of blockchain technology. GreenPower serves the global marketplace as the featured rewards currency in a universal customer loyalty program hosted by merchants throughout the world. GreenPower was developed on world-class blockchain technology (Graphene) and features a unique hybrid consensus mechanism and a highly-efficient consortium-based network configuration. The resulting mutual distributed ledger system, known as the Powerchain, confirms transactions in just three seconds and has the capacity to process over 100,000 transactions per second. GreenPower has a fixed supply of coins that were fully distributed during the past two years to approximately 150,000 account holders in over 180 countries, all of whom received their coins only after having verifiably contributed time and considerable value to the system. At its core, GreenPower is a hybrid cryptocurrency that combines the best qualities of decentralized systems with the strongest elements of centralized systems while eliminating their respective weaknesses. The unique structure of GreenPower gives it strategic advantages over its competitors that can deliver superior levels of utility, liquidity and efficiency.
GREENPOWER HAS BEEN DESIGNED TO ANSWER THREE IMPORTANT QUESTIONS:
1) How will the global mainstream adopt blockchain technology?
2) How can a cryptocurrency achieve optimal levels of systemic health?
3) How to create a blockchain with enduring operational efficiency?
The starting point for developing answers to these questions was a digital currency that successfully delivered superior performance through greater operational efficiency, increased transaction capacity, wider distribution, better governance and enhanced regulatory compliances. GreenPower was created from a hard fork of that system (DasCoin 2.0), which in turn had been created from a hard fork of BitShares 2.0 using the Graphene Toolkit. GreenPower is a convertible “store-of-value” unit at the center of a global digital asset system. This system was developed and launched without an initial coin offering (ICO) and without outside investment capital, and has been operating successfully for nearly three years. GreenPower is at the center of an ecosystem of companies (the Green Ecosystem), each of which works synergistically to enhance the overall value of the system for its participants. The system seeks to redefine how incentives can be used in the emerging economy as well as improve the quality and efficiency of the exchange of value between individuals, businesses, financial institutions, cooperatives, and merchants. Propelled by the power of its hybrid structure and benefitting from its streamlined operational model, GreenPower is well positioned to become the world’s first mainstream digital currency.
GreenPower - The Global Rewards Currency