GX Blocks Energy

Blockchain network nodes are points in a network where messages can be created, received, and transmitted. Nodes on the Bitcoin network can view, exchange, and verify information about transactions and add blocks by using the peer-to-peer protocol.

There are different types of nodes depending on the type of blockchain network, but broadly speaking they can be categorized into three categories based on their particular functions: full, light, and miner nodes.

Full Nodes

Their responsibility is to validate transactions and blocks as well as relay and transmit these from other full nodes to support the blockchain network. Essentially they support and provide security…


GX Blocks Energy

As the hype for cryptocurrencies has returned, it is important to not forget about the evolving platforms around blockchain technology. In 2019, game-changing platforms entered the market with viable solutions such as Corda and Hyperledger. Moving forward, emerging leaders will have unique combinations of features based on the blockchain trilemma.


How much energy does Bitcoin really need? And Why?

GX Blocks Energy

The Bitcoin network, in order to operate, requires more energy than countries like Argentina (125TWh) or the Netherlands (110TWh). Power plants globally generate electricity to support the cryptocurrency’s blockchain network.

According to the University of Cambridge’s Bitcoin Electricity Consumption Index, an ongoing study, it is estimated that over a period of 1 year, more energy is required to power the Bitcoin network than an individual country’s needs like Norway (124TWh). As demand for Bitcoin grows, so does the demand for more electricity to power it. …


GX Blocks Energy powers the groundbreaking technology of blockchain with renewable energy to support the needs of the digital economy.

GX Blocks Energy

A simple search on the web regarding the most groundbreaking technologies of recent years will reveal the emerging technology of blockchain. It is a revolutionary technology that will change the status quo in countless sectors of the economy.

A simple definition of blockchain refers to the various information-filled blocks connected via cryptography mechanisms. In other words, Blockchain is a chain of data that is immutable and cannot be tampered with. In order to confirm and execute users’ transactions, significant computing power is required, as well as a large number of participants (nodes) to ensure decentralization of the blockchain network.

Blockchain…


In order to increase well-being and prosperity, as well as ensure that current and future generations are able to enjoy a healthy environment, makes protecting the environment imperative. Countries like Greece have numerous environmental challenges they need to address. Some key challenges include high reliance on fossil fuels, air pollution in urban areas, waste management as well as water extraction in some areas.

In line with the OECD average, Greece’s greenhouse gas emissions (per unit of GDP) have consistently declined in recent years, putting Greece on track to meet its environmental goals, towards zero net emissions. Recently, Greece’s National Energy…


GX Blocks Energy

While previous technological breakthroughs have brought evolution to the financial industry, this groundbreaking technology of blockchain distributed ledger, and its applications, seem to be part of a larger revolution that is taking place in our world today.

The fourth industrial revolution will create the value of up to $3.7 trillion US dollars by 2025, according to McKinsey. Technologies such as blockchain are playing a key role.

GX Blocks Energy will be part of this revolution and play an active role by making Distributed Ledger Technology and its applications available with ease, security, and cost-efficiency.

Cybersecurity

While technology and the internet have…


GX Blocks Energy

2020 was characterized by many as a ‘lost’ year, however, the cryptocurrency market and bitcoin mining industry impressively reached new all-time-highs!

Did you know that apart from Bitcoin’s price, Bitcoin Mining revenues also hit an all-time high? Let’s take it from the start.

How Bitcoin Mining revenue works

Bitcoin Mining and the resulting revenues fluctuate on a seasonal basis for various reasons affecting the Bitcoin network. For instance, rainy periods such as China’s monsoon season, feed global hydroelectricity supply, resulting in an abundance of cheap renewable energy. These seasonal changes affect the network’s hash rate and subsequent Bitcoin mining block difficulty adjustment.

Decentralization & Globalization of Bitcoin Mining

Based on CoinShares’ Research, it is evident that Bitcoin mining activities are globally located in areas with an abundance of renewable energy sources. Increased…


GX Blocks Energy

Building a Decentralized Future through Blockchain & Distributed Ledger Technology

Blockchain & Distributed Ledger Technology (DLT) is a fundamentally novel technology. Decentralization through distributed technology can solve consumer pain-points through creative destruction. We strongly believe in the value-adding abilities of blockchain and distributed ledger technologies through groundbreaking innovation and decentralization.

Blockchain technology’s disruptive potential is unimaginable, while it can create new offerings such as Smart Contracts and Cryptocurrencies. The most famous application of blockchain technology is Bitcoin. This cryptocurrency is decentralized, and so is its distributed ledger, meaning that it is ‘permissionless’, as it is based on blockchain.

Blockchain & Decentralization: Evolution or Revolution?

While previous technological breakthroughs have brought evolution to the financial industry, Blockchain…


Blockchain or Distributed Ledger Technology (DLT) is a fundamentally novel technology. New opportunities arise with the tremendous growth of decentralization and distributed technology. We believe in their potential and value-adding abilities for sustainable development through innovation.

Bitcoin, Blockchain & Decentralization

Decentralization can solve consumer pain-points through creative destruction. For example, the token economy provides opportunities for those with limited access to financial resources and services. Blockchain’s industry disruption potential is unimaginable, as it is capable of replacing payment systems entirely while it can create new offerings such as Smart Contracts. Smart contacts are encoded agreements that are self-executed and increase transparency between involved parties.


Bitcoin was introduced more than a decade ago, and even though it is still in its early days, it is rapidly moving towards becoming fully mainstream. It has already become popular among investors, financial institutions, advisors, service providers, and policymakers, but still has room for growth and wider adoption.

GX Blocks Energy

These unprecedented times of the COVID-19 pandemic and the consequent economic recession have brought economic distress but also opportunities for innovation and growth. It follows that a noteworthy rise in interest in the so-called ‘safe haven’ assets was observed in Grayscale’s 2020 Bitcoin Investor Report.

Increased Interest

According to this report, familiarity with…

GX BLOCKS

Blockchain Mining Solutions

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