GX Blocks Energy: Building a Sustainable and Decentralized Future
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 technology and its distributed ledger applications of Bitcoin and other cryptocurrencies seem to be part of a larger revolution that is taking place in our world today. GX Blocks wants to be part of this revolution and play an active role, by making Blockchain, Distributed Ledger Technology (DLT), and its decentralized applications available with ease, security, and cost-efficiency.
Blockchain, Distributed Ledger Technology & Trust
Blockchain technology goes beyond its popular applications in smart contracts and cryptocurrencies like Bitcoin. It redefines our definition of trust, as it promises the decentralization of economic institutions and structures. Trust is fundamental to all types of value transactions. Thankfully, blockchain and distributed ledger technology have allowed the rise of decentralized trust-building mechanisms, such as peer-to-peer networks.
The feeling of belonging in a cooperative blockchain community is strengthened in the Bitcoin and crypto community, further building trust. GX Blocks wants to give people secure access to this decentralized community, so they can enjoy the benefits of the Blockchain and Distributed Ledger Technology (DLT) applications.
Blockchain & Environment
However, several issues arise with Blockchain and Distributed Ledger Technology (DLT), such as with Bitcoin’s excessive energy consumption.
The blockchain network that supports Bitcoin, consumes tremendous amounts of energy due to its large computing power requirements that support the Proof-of-Work for the Bitcoin transactions to be verified on the blockchain. Towards the end of 2020, the energy consumption of the Bitcoin network was estimated at 77.8 TWh per year. Bitcoin’s energy consumption negatively impacts the environment, worsening climate change. We want to change that by making the Bitcoin network and blockchain technologies sustainable.
GX Blocks wants to reduce the negative effects of Bitcoin and the blockchain network on the environment.
GX Blocks is committed to creating a better, decentralized & sustainable future for everyone. We want to reduce the negative effects of the blockchain network on the environment. Ultimately, we want to help fight climate change and contribute towards a sustainable future.
How does GX Blocks create a decentralized and sustainable future?
We do this by using green energy to power our data centers that support the Blockchain network. Our blockchain data centers, fully powered by renewable and clean energy sources, minimize our carbon footprint and contribute to a more sustainable Blockchain network. By powering our data centers with green energy, we help build a more sustainable future.
Not only do we use clean energy, but we also make sure to use it in the most efficient way possible. Energy wastage is a significant and costly issue, so we ensure that our data centers supporting the blockchain and distributed ledger network are strategically located and effectively cooled.
This way we protect the environment while simultaneously reducing our production costs. Renewable energy is available at lower rates, while efficient cooling and energy usage minimizes energy losses. We make the most out of the energy we use, significantly reducing our operating costs.
This enables us to offer the most cost-effective blockchain offerings, making the innovative Distributed Ledger Technology (DLT), its benefits, and applications, available to everyone. Currently, we offer our clients access to Bitcoin mining services with lower costs, autonomy, and freedom of managing their money.
We focus on the fundamental application of the Blockchain and Distributed Ledger technology and support its network organically by mining Bitcoin. By doing so, with sustainable operations at a low cost, we can offer flexible blockchain services options to our customers and allow them to manage their capital independently.
GX Blocks Energy Team
We are a team that wants to inspire people and contribute to a better, decentralized and sustainable future. We believe that we can create something innovative, centred around the technology of blockchain. We are confident that distributed ledger technology and its applications like Bitcoin are so ground-breaking that they are capable of changing our lives, bringing us closer to decentralization.
Our team, guided by a growth mindset, is client-centred and agile to appropriately respond to the increasingly digitized world. We may not have the established brand recognition, but as a fintech company, we are committed to bringing novel solutions to our clients with transparency and security. Through our commitment to the innovative technology of Blockchain, we strive to offer a better future, based on decentralization and sustainability.