GreenPower Whitepaper

Friday, February 14, 2020
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. June th Inde A st a t Int odu tion A hite tu e Blo k hain G aphene Consensus Blo k hain Elements Rea hin Consensus P oo -o -Wo k Consensus PoW P oo -o -Stake Consensus PoS Dele ated P oo -o -Stake Consensus DPoS P oo -o -Autho it Consensus PoA H id Consensus Me hanism Initial Dist i ution S stem Elements T ansa tions Net o kin Pe o man e and S ala ilit P oto ol S stem P in iples Utilit Use Cases Re a ds Se u it Con enien e E i ien Sustaina ilit T anspa en Authenti it P i a Simpli it T ust S stem On-Boa din Di ital Wallet Pa tne Blo k hain E han e Pa tne E han es Net o k Elements Maste Nodes Led e Nodes Conso tium St u tu e Boa d o Di e to s Chain Autho ities Chain Ope ations O e all S stem E i ien Lon -Te m Sustaina ilit Con lusion Re e en es

. June th A stra t G een is ommonl used to ep esent o th, health and sustaina ilit . G eenPo e is a h id pto u en that en ompasses all o these ualities. G eenPo e has een desi ned to ea h mainst eam le els o lo al o th, has een st u tu ed to maintain optimal s stemi health and has een uilt to deli e lon -te m ope ational sustaina ilit . The o us o G eenPo e is on a hie in unp e edented le els o utilit , li uidit and e i ien ithin the ealm o lo k hain te hnolo . G eenPo e se es the lo al ma ketpla e as the eatu ed e a ds u en in a uni e sal ustome lo alt p o am hosted me hants th ou hout the o ld. G eenPo e as de eloped on o ld- lass lo k hain te hnolo G aphene and eatu es a uni ue h id onsensus me hanism and a hi hl -e i ient onso tium- ased net o k on i u ation. The esultin mutual dist i uted led e s stem, kno n as the Po e hain, on i ms t ansa tions in just th ee se onds and has the apa it to p o ess o e , t ansa tions pe se ond. G eenPo e has a i ed suppl o oins that e e ull dist i uted du in the past t o ea s to app o imatel , a ount holde s in o e ount ies, all o hom e ei ed thei oins onl a te ha in e i ia l ont i uted time and onside a le alue to the s stem. At its o e, G eenPo e is a h id pto u en that om ines the est ualities o de ent alized s stems ith the st on est elements o ent alized s stems hile eliminatin thei espe ti e eaknesses. The uni ue st u tu e o G eenPo e i es it st ate i ad anta es o e its ompetito s that an deli e supe io le els o utilit , li uidit and e i ien .

. June th Introdu tion G eenPo e has een desi ned to ans e th ee impo tant uestions: Ho ill the lo al mainst eam adopt lo k hain te hnolo ? Ho an a pto u en a hie e optimal le els o s stemi health? Ho to eate a lo k hain ith endu in ope ational e i ien ? The sta tin point o de elopin ans e s to these uestions as a di ital u en that su ess ull deli e ed supe io pe o man e th ou h eate ope ational e i ien , in eased t ansa tion apa it , ide dist i ution, ette o e nan e and enhan ed e ulato omplian es. G eenPo e as eated om a ha d o k o that s stem DasCoin . , hi h in tu n had een eated om a ha d o k o BitSha es . usin the G aphene Toolkit. G eenPo e is a on e ti le sto e-o - alue unit at the ente o a lo al di ital asset s stem. This s stem as de eloped and laun hed ithout an initial oin o e in ICO and ithout outside in estment apital, and has een ope atin su ess ull o nea l th ee ea s. G eenPo e is at the ente o an e os stem o ompanies the G een E os stem , ea h o hi h o ks s ne isti all to enhan e the o e all alue o the s stem o its pa ti ipants. The s stem seeks to ede ine ho in enti es an e used in the eme in e onom as ell as imp o e the ualit and e i ien o the e han e o alue et een indi iduals, usinesses, inan ial institutions, oope ati es, and me hants. P opelled the po e o its h id st u tu e and ene ittin om its st eamlined ope ational model, G eenPo e is ell positioned to e ome the o ld s i st mainst eam di ital u en .

. June th Ar hite ture Blo k hain The oundational te hnolo on hi h G eenPo e has een eated is alled BitSha es. The BitSha es Blo k hain makes use o a lesse -kno n onsensus me hanism alled Dele ated P oo -o -Stake DPoS that as de eloped spe i i all to epla e the aste ul minin p o ess, in ease th ou hput and edu e ea tion times o the lo k hain. It also o e s t emendous edu tions in the onsumption o ele t i it . G aphene is a so t a e plat o m desi ned o deplo in thi d- ene ation pto aphi all -se u e de ent alized led e s, also kno n as lo k hains . G aphene is a toolkit o eal-time lo k hains. G aphene- ased s stems ha e o de s-o -ma nitude ette pe o man e than i st- ene ation Bit oin-de i ed s stems o e en the se ond- ene ation Bit oin . s stems that onstitute its u ent losest ompetito s. G aphene- ased s stems a e ideall suited o t ansa tion-intensi e use ases and o e a oad an e o uilt-in eatu es and se i es distin uished thei t anspa en and int insi in o upti ilit .

. June th G aphene G aphene is a p ominent lo k hain te hnolo that o ks in a mo e e e ti e a o t ansmittin lo ks e i ientl a oss the net o k. It uses loom ilte s like ompa t lo ks hi h onsist t ansmittin t ansa tion IDs o the sele ti e lo ks and all these eme in te hnolo ies a e usin loom ilte s to pe o m a ui k and apid t ansa tion. Bloom ilte is a ompa t a o dete minin data o e ample, ABC is a t ansa tion ha in la e data ut the e ui ement is o B onl then Mempool e i ientl sele t B and t ansmit it th ou h the net o k. G aphene p o i ientl edu es the size o data t ansa tion and is a supe io o a thin lo k and the o e s ompa t lo ks as ell. Dele ated P oo -o -Stake DPoS is a kno n method that a hie es the hi h t ansa tions-pe -se ond apa it usin sho t lo k time, and it is ene i ial o those ho make the lo k and ha e a smalle su set o lo k eato . Consensus Bit oin and Ethe eum a e ased on a P oo -o -Wo k PoW onsensus me hanism, he e all the nodes an pa ti ipate in the ompetition o addin lo ks to the lo k hain. The PoW me hanism seems ompletel de ent alized on pape , ut in ealit , ith in easin load on the s stem – it out o s the omputational po e needed to mine these lo ks. At a e tain point, it e omes nea l impossi le o a pe son ith a desktop ompute to add an alue to the s stem. In su h s ena ios, onl hu e minin i s and pools a e a le to mine and add lo ks. PoW- ased lo k hains a e a in a majo a klash, due to the amount o po e ein used in the minin p o ess. The Bit oin net o k alone onsumes mo e ele t i it than indi idual ount ies. With these d a a ks, the e as al a s a o in need o less po e -hun and mo e de ent alized onsensus me hanism. This is hat led to the eation o DPoS.

. June th Blo k hain Elements Rea hin Consensus Consensus me hanisms a e p oto ols that make su e all nodes se e s in the net o k that maintain the lo k hain and sometimes p o ess t ansa tions a e s n h onized ith ea h othe and a ee on hi h t ansa tions a e le itimate and should e added to the lo k hain. B p o idin the s stem ith a elia le a to ea h de isions, onsensus me hanisms ena le a lo k hain to un tion p ope l . Multiple nodes an su mit t ansa tions to e added to the lo k hain, so it s ne essa that all t ansa tions a e onstantl he ked and that the lo k hain is onstantl audited and this is most e i ientl a omplished the nodes themsel es. Without a solid onsensus me hanism, the lo k hains a e at isk o a ious atta ks. Follo in a e popula onsensus me hanisms: P oo -o -Wo k Consensus PoW The P oo -o -Wo k p o ess is kno n as minin and the nodes a e kno n as mine s. Mine s sol e omple mathemati al puzzles hi h e ui e a lot o omputational po e . The i st one to sol e the puzzle ets to eate a lo k and e ei es a e a d o eatin a lo k. These mathemati al puzzles ha e some inte estin p ope ties. This p o ess ensu es that in o de to eate a lo k, one ill need a lot o omputational po e to sol e the puzzle i st. Mine s an mine lo ks usin a an e o di e ent ha d a e: ● CPU Minin : Usin a no mal ompute s CPU to alidate t ansa tions in a p oo o o k onsensus p oto ol. ● GPU Minin : This is not dissimila to CPU minin ho e e , in this ase, a aphi s a d is used. G aphi s a ds a e mo e po e ul hilst elati el usin less ele t i it . ● Minin Pools : To in ease the likelihood o su ess ull minin a lo k mine s pool to ethe thei esou es and sha es potential e a ds dependin on ho mu h ea h mine ont i utes. ● Cloud Minin : Some mine s ent out thei p o essin po e to othe mine s o an allotted pe iod o time.

. June th ● FPGA Minin : Othe ise kno n as Field P o amma le Gate A a minin , an FPGA is a i uit tailo ed o a spe i i omputin task, makin them se e al times aste at minin than no mal p o esso s. ● ASIC Minin : This e e s to an Appli ation-Spe i i Inte ated Ci uit , a i uit ustomized o a pa ti ula use. ASICs easil outpe o m CPUs, GPUs and FPGAs in oth speed and e i ien , the a e ene all used o Bit oin minin . Limitation: The e is a majo d a a k to this onsensus me hanism. P oo -o -Wo k uses a lot o esou es and is said to e unsustaina le in the utu e, hi h is h some lo k hains a e mo in to di e ent onsensus me hanisms. P oo -o -Stake Consensus PoS P oo -o -Stake is ased on the p emise that those ho o n the majo it o oins in a net o k ha e a ested inte est in keepin the net o k maintained and the alue o its oins hi h. It is a andomized p o ess used to dete mine ho ets to p odu e the ne t lo k. Use s an stake thei tokens to e ome a alidato hi h ena les them to p odu e lo ks . In most PoS s stems, this e ui es the use to lo k thei tokens up o a e tain pe iod o time. A te doin so, the a e eli i le to p odu e lo ks. The p o ess that de ides ho ets to p odu e the ne t lo k takes a ouple o a to s into a ount, and hat these a to s depend on the desi n o the lo k hain, ut in ene al, the pe son ith the la est stake has the hi hest han e to p odu e a lo k. Anothe a to that an in luen e the likelihood o p odu in the ne t lo k is the du ation that the staked oins ha e een held. Validato s a e also e a ded o thei o k, ith the e a d that alidato s e ei e o eatin the ne t lo k dependin on the desi n o the lo k hain. Usuall , the eithe e ei e all o pa t o the t ansa tion ees o all the t ansa tions in the lo k the eated, o the e ei e a i ed amount o oins ene ated th ou h in lation . P oo -o -Stake is not onl mu h mo e ene e i ient than P oo -o -Wo k s stems, ut it also has anothe majo distin tion. In a P oo -o -Wo k s stem, a mine ma not o n an o the oins the a e minin , meanin the onl seek to ma imize thei p o its ithout a tuall imp o in the net o k. In a P oo -o -Stake s stem, alidato s ha e a mu h i e in enti e to maintain the net o k as the a tuall hold the oins o the lo k hain on hi h the a e alidatin .

. June th Dele ated P oo -o -Stake Consensus DPoS The G aphene lo k hain is ased on the Dele ated P oo -o -Stake DPoS onsensus me hanism, he e N num e o itnesses a e sele ted ia ontinuous otin stakeholde s to p odu e lo ks. This N is an odd num e , onl o those hose itnesses p odu in the lo ks in thei espe ti e time slots until the ne t maintenan e inte al. A te the maintenan e inte al, the al o ithm hooses the ne t set o itnesses ased on the otin esults. It is impo tant to unde stand that: ● Onl stakeholde s an pa ti ipate in the otin p o ess. ● One stakeholde an onl ote o one itness. Apa t om itnesses, the stakeholde s also ele t dele ates ho ha e the p i ile e o p oposin han es to the net o k pa amete s. These han es an e om somethin as simple as t ansa tion ees – to the num e o ele ted itnesses. A pa ti ula majo it o dele ates app o e the p oposed han es; post this, a t o- eek pe iod is i en to the stakeholde s, du in hi h, the ma ote out the dele ates and eto the p oposed han es note that these net o k han es a en t e likel to e p oposed . Thus, unde DPoS it is sa e to assume that the administ ati e autho it ests in the hands o the use s, just like a demo a . But unlike itnesses, the dele ates a e not ompensated o etainin thei positions. P oo -o -Autho it Consensus PoA P oo -o -Autho it is a modi ied o m o P oo -o -Stake he e instead o stake ith moneta alue, a alidato s identit pe o ms the ole o stake. In PoA- ased net o ks, t ansa tions and lo ks a e alidated app o ed nodes, usuall kno n as alidato s. Validato s un so t a e allo in them to put t ansa tions in lo ks. The p o ess is automated and does not e ui e the alidato s to do a ti e monito in . Ho e e , it does e ui e maintainin autho it node s ithout inte uption. PoA e ui es hitelistin o node ommuni ation om eme in nodes on an esta lished net o k. With PoA, indi iduals ea n the i ht to e ome alidato s, so the e is an in enti e to etain the position that the ha e ained. B atta hin a eputation to identit , alidato s a e in enti ized to uphold the t ansa tion p o ess, as the do not ish to ha e thei identities atta hed to a ne ati e

. June th eputation. Some onside this onsensus me hanism to e mo e o ust o the ollo in easons: ● In PoS, the same size stake an e alued di e entl di e ent pa ti ipants. While a stake et een t o pa ties ma e e ui alent, this does not take into a ount ea h pa t s total holdin s, hi h means that the in enti es an e un alan ed. ● Mean hile, PoW uses an eno mous amount o omputin po e , hi h, in itsel lo e s in enti e. It is also ulne a le to atta k, as a potential atta ke ould onl need to ha e % o the minin esou es hash ate to ont ol a net o k, althou h this is not eas to a hie e. On the othe hand, PoA onl allo s non- onse uti e lo k app o al om an one alidato , meanin that the isk o se ious dama e is ent alized to autho it nodes. PoA is suited o oth p i ate net o ks and pu li net o ks he e t ust is dist i uted. The PoA onsensus al o ithm le e a es the alue o identities, hi h means that lo k alidato s a e not stakin oins ut thei o n eputation instead. Hy rid Consensus Me hanism Within Po e hain, the onsensus is ea hed usin a modi ied e sion o P oo -o -Autho it PoA that is a ilitated th ou h the Dele ated P oo -o -Stake DPoS me hanism that is nati e to G aphene. In the Po e hain model, the li ensin o Maste Nodes a ts as the autho it me hanism athe than the eputation o the alidato . In the Po e hain onsensus me hanism, an a a o li ensed Maste Nodes se e as oth lo k p odu e s and alidato s. Ea h Maste Node s IP add ess is hite-listed ithin the s stem in o de to ena le it to ommuni ate ith the net o k and pa ti ipate in the andom otation o lo k p odu tion. When not itin an indi idual lo k, Maste Nodes alidate ea h lo k p odu ed. The enti e lo k p odu tion p o ess is ein o ed the se ond oup o li ensed nodes. These a e alled Led e Nodes and the e o d ea h lo k p odu ed, ut do not ite o alidate indi idual lo ks. Ea h Led e Node ontains a omplete e o do e e t ansa tion ene ated on the Po e hain.

. June th Maste Nodes and Led e Nodes a e ope ated ompanies that a e eithe pa t o the G een E os stem o a e pa ti ipatin e han es that list G eenPo e and othe di ital assets de i ed om the Po e hain. The in enti e to maintain these nodes is the enhan ement o the asso iated o e usiness models athe than pa ti ipation in a s stemati t ansa tion ee hi h seems to e the mo e ommon in enti e model o node maintenan e . Initial Distri ution Dist i ution o initial units/ oins is one o the most iti al a to s in settin the oundation o the ultimate alue o a pto u en . Ho e e too o ten ithin the lo k hain indust , initial dist i ution has een eithe unde anal zed o o e looked. P o lems ha e een eated ithin man pto u en ies due to the d nami s o thei initial dist i ution st ate ies. E en su ess ul pto u en ies ha e had se ious issues to ontend ithin this ealm. Fo e ample, it s ell kno n that % o Ripple s XRP u en as dist i uted om the e innin to ounde s and de elope s. While this seems easona le in the ase o e uit o a p i ate sta tup ompan , hen seen in the onte t o u en ies, it seems misali ned and disp opo tionate that % o a lo al u en ould e dist i uted om the sta t to inside s. The e a e se e al asi ut hi hl impo tant uestions to ans e at the sta t o e e ne oin o e in : ● Who is e ei in units? ● Ho man units a e the e ei in ? ● Wh a e the e ei in those units? E e u en and token must ans e these uestions om the sta t, thou h due to the sel -inte est o the ont ollin pa ties, a el is this dist i ution dilemma talked a out pu li l . As a ha d o k o DasCoin . and the suppo ted sto e-o - alue u en ithin the G een E os stem, G eenPo e inhe ited the initial oin dist i ution o DasCoin. This as a hi hl uni ue oin dist i ution method sin e it eatu ed a time-intensi e mintin p o ess as ell as in o po ated a a to o isk/ e a d. In this mintin model, pa ti ipants ont i uted alue into the

. June th s stem and e ei ed a e tain num e o C les a utilit token ased on thei espe ti e le el o ont i ution. C les e e desi ned to se e t o pu poses: ● The ould e e han ed ithin the s stem o lo k hain se i es ● The ould e on e ted into oins su mittin the C les into a mintin p o ess. To initiate the se ond option, C les ould e su mitted to a mintin ueue omp ised o the su mitted C les . Then e e ten minutes, a e tain num e o C les e e on e ted o minted into a e tain num e o ne oins, and dist i uted di e tl to the ault o the pa t ho su mitted the C les. The e a t on e sion a to hi h as alled F e uen in eased e e t o eeks ased on the amount o alue that had een olle ti el ont i uted to the s stem du in the p e edin t o- eek pe iod. This on e sion a to as desi ned to o elate ith the han in d nami s o the inhe ent isk/ e a d elationship o the enti e s stem. As mo e alue as ont i uted to the s stem, the e ould e mo e esou es to uild out the e os stem and its appli ations, and the o e all isks e e p opo tionatel lo e ed, the e edu in the potential e a d, hi h in the s stem as ep esented the issuan e o mintin o oins. The on e sion a to F e uen as the ont ol me hanism ithin the mintin p o ess, and e ause it ent up e e t o eeks, it took in easin l mo e C les the alue o hi h emained onstant du in this p o ess to mint an identi al amount o oins. The esultin d nami e a ded the hi h isk taken the ea liest adopte s hen it took just . C les to mint one oin and the e e e e e people ho had ont i uted alue to the s stem ith p opo tionall mo e oins o the same amount o ont i uted alue e sus those ho ont i uted alue du in the last sta e o o th o the s stem hen C les e e e ui ed to mint one oin . The mintin p o ess s stemati all int odu ed a isk/ e a d a to into initial oin dist i ution. It as a uni ue solution that p o ed to e an e e ti e me hanism o initial oin dist i ution, as it esulted in the initial , , , oins ein dist i uted to app o imatel , a ounts in o e ount ies. Ea h o these a ounts ont i uted a minimum o € o alue and as mu h as € , in some ases to the s stem. All oins in the s stem e e eated th ou h this mintin p o ess, and the e o e the e e e no oins

. June th dist i uted o ee to an one in ludin the e os stem ompan ounde s and the initial de elopment team . Compan ounde s ont i uted alue o thei espe ti e C les in the same manne as othe mintin pa ti ipants in man ases the did ene it om the lo est F e uen ate, thou h the isk at the time o thei ont i utions as at its hi hest le el . Mem e s o the de elopment team made thei ont i utions in the o m o the se i es the pe o med, and it s impo tant to note that the alue o those se i es as ali ated usin the same s ale as the ont i utions made standa d pa ti ipants not usin a a num e o oins o a pe enta e o the enti e oin ase . This is a majo di e en e hen ompa ed to i tuall e e othe pto u en and token p oje t. The e as no pe enta e o oins dist i uted to the ounde s and de elope s. The e e e no ee ies, no ai d ops, and no i ts. Ve simpl stated, the e e e no ee oins e e dist i uted ithin the s stem. All pa ti ipants i st ont i uted a standa dized- ali ated amount o alue to se u e C les and then su mitted those C les to the mintin p o ess, hi h ene all took a out th ee months om the date o su mission to the mintin o oins o e the ou se o the t o ea s that the mintin p o ess as in pla e. A te t o so t o ks that o u ed p io to the ha d o k o DasCoin . that esulted in G eenPo e , the mintin p o ess as pe manentl te minated. Conse uentl , the suppl o G eenPo e is i ed at , , , and all these oins ha e een dist i uted. E os stem ompan ounde s ha e set aside one ault add ess to o ti the lon -te m ope ation o the e os stem. Apa t om this add ess . . , hi h an e t a ked on GRNe plo e .io and ontains oins that a e held in the t ust o the e os stem, all othe G eenPo e oins a e in i ulation.

. June th System Elements T ansa tions When use s ant to inte a t ith an lo k hain, the onst u t so- alled t ansa tions and t ansmit to the net o k. These p esent messa es ontain inst u tions a out hat pa ti ula ope ation s a use ants to use. A ommon ope ation is the simple t ans e ope ation that omes ith t ans e -spe i i inst u tions that p o ide the ne essa in o mation o this a tion su h as the sende , e ei e , the amount to t ans e as ell as an optionall en pted memo . To allo multiple ope ations to take pla e su se uentl , multiple ope ations an e undled into a sin le t ansa tion. To identi ithin the s stem, t ansa tions a e pto aphi all si ned the use s. These si natu es authenti ate a use and p o ide autho ization o the ope ations in the t ansa tion. Net o kin A lo k hain me el de ines a means o sto a e and an e used in a non-dist i uted, sin le-pa ti ipant ashion as ell as in a dist i uted inte net- ased mesh net o k o ten e e ed to as Pee - -Pee P P net o k. In the latte ase, multiple pa ties a e onne ted ith ea h othe in a a that in omin t ansa tions a e o a ded to e e othe onne ted pa ti ipant. A t ansa tion ultimatel ea hes a so- alled lo k p odu e . A lo k p odu e e i ies in omin t ansa tions a ainst a ha d- oded p oto ol and undles them into a sin le lo k that is added to the e istin lo k hain. At this point, a t ansa tion is onside ed on i med and e e uted. The e e ts o an e e uted ope ation on the u ent state a e de ined in the lo k hain p oto ol. Pe o man e and S ala ilit The Po e hain is an e t emel hi h-pe o man e lo k hain, on i min t ansa tions ithin th ee se onds and ha in the apa it to p o ess , + t ansa tions pe se ond on a dist i uted net o k. E en hi he le els o pe o man e a hie a le ith elati el st ai ht o a d imp o ements to se e on i u ation and ommuni ation p oto ols. The ollo in a e ke points o hi h pe o man e e le ted in the s stem: ● Keep e e thin in memo . ● Keep the o e usiness lo i in a sin le th ead.

. June th ● Keep pto aphi ope ations hashes and si natu es out o the o e usiness lo i . ● Di ide alidation into state-dependent and state-independent he ks. ● Use an o je t-o iented data model. P oto ol The Blo k hain p oto ol is the most essential pa t o lo k hain te hnolo ies. It de ines the eha io o the enti e s stem in ludin onse uen es and side-e e ts hen p o essin t ansa tions. Use s utilize pa ti ula eatu es a tin a t ansa tion that ontains a pa ti ula lette -o -inte est. Blo k hain onl sto es in emental han es e. . t ansa tions . The inal alan e o ea h a ount to ethe ith othe in o mation needs to e t a ked sepa atel in the so- alled u ent state. It is impo tant to note that the p oto ol is dete ministi in the sense that the e same state is ene ated hen appl in the same se uen e o ope ations. This makes lo k hain te hnolo ies mo e se u e and audita le. System Prin iples The Po e hain as de eloped ith the ollo in p in iples in mind: Utilit The p ima o je ti e o the Po e hain s stem is utilit . The s stem has een desi ned to a ilitate mainst eam le els o utilit th ou h a ious appli ations usin the se i es o the s stem s lo k hain. Re a ds Rathe than ompete solel as a di e t pa ment solution, G eenPo e an also e used as a e a d o ustome lo alt and as an in enti e to en ou a e pu hases at pa ti ipatin me hants. The e a e man p o lems ith the e istin ustome lo alt solutions. These p o ams an e alua le ut a e s atte ed and la k standa dization, makin it e di i ult o onsume s to t a k thei p o ess and mana e thei e a ds. The e a ds o one p o am a e ene all not hono ed othe p o ams, so it an e di i ult to edeem e a ds om e tain p o ams. The la k o inte ope a ilit also makes it di i ult to au e the int insi alue o the e a ds. Consume s

. June th also must ontend ith e pi ations and othe ont ol a to s in the edemption p o ess. The e a e also onside a le p o lems ith ustome lo alt p o ams hen seen om the me hant pe spe ti e. Fi st o all, it s a ompetiti e ma ketpla e and me hants must ompete su ess ull o ustome lo alt to th i e in toda s ma ket. This an make lo alt p o ams e pensi e and time- onsumin to mana e. The mana ement and administ ation o these p o ams an p esent sta t ainin hallen es. Fo me hants ho do not u entl o e a e a ds p o am, the lea nin u e an e si ni i ant. These p o ams a e usuall ustomized and e ui e time and up ont in estment e o e the an e deplo ed. Lo alt solutions in toda s ma ketpla e a e ene all not plu -and-pla and not intended o oss- o de olle tion o edemption. G eenPo e , the nati e sto e-o - alue unit o the Po e hain, is desi ned to se e as a lo al e a ds u en . It o e s a num e o ad anta es o e othe o ms o e a ds, in ludin that it an e easil edeemed o oods and se i es, and on e ted/e han ed into othe o ms o di ital o iat alue. Unlike most e a ds, G eenPo e is not pe ed to a pa ti ula iat u en . It is a ee-t adin sto e-o - alue unit that an in ease o de ease in alue ased on ma ketpla e d nami s. The e a e spe i i appli ations that u the suppo t this use ase: ● G eenRe a ds. om:​ This is a uni e sal ustome lo alt p o am that uses G eenPo e as its p ima e a ds u en . The pa ti ipants in this p o am, ho a e eithe ee o paid mem e s, a ti el olle t G eenPo e as a e ate on pu hases at a a iet o online etaile s. ● T a eleum. om:​ This is a dis ount t a el mem e ship that p o ides pto- a k e a ds on a ious t a el se i es, in ludin hotels, li hts, a entals, ondo sta s, and uises. Pa ti ipants in this p o am, ho a e eithe ee o paid mem e s, olle t pto- a k e a ds and e ei e dou le e a ds i the sele t to e ei e G eenPo e . Othe Use Cases The uni ue om ination o h idized eatu es makes the Po e hain an ideal s stem o a num e o additional use ases. The Po e hain ena les the eation o ne solutions that si ni i antl enhan e appli ations that had

. June th p e iousl used mo e ent alized t aditional o mats. Se e al o these ne appli ations a e al ead in de elopment, in ludin : Sta le Coins & Tokenized Assets: ​The Po e hain is ell suited o the ope ation o ollate alized sta le oins and tokenized assets e. ., p e ious metals, eal estate, a t o k . Tokens that a e ollate alized o a ked ommodities o othe eal assets inhe entl ha e ent alized eposito ies he e the unde l in alue is ein held. Inte atin the ne essa ont ol and se u it p oto ols to mana e these a an ements on a lo k hain makes the Po e hain a natu al hoi e o these t pes o appli ations. Real-Time C pto Pa ments Gate a : ​Usin the Po e hain s nati e e han e, a pa ment ate a an e eated that ould ena le eal-time on e sion o di ital assets om one a iet to anothe . When applied to the ealm o pa ments, this t pe o ate a ould make it possi le to use G eenPo e as ell as othe pto u en ies p o ided ea h has ade uate li uidit o pa ment me hanisms. Mediated C o dsou in Plat o m:​ Sin e the de elopment o a de i ati e token in ol es an inhe ent le el o ent alization, the mana ement o a ious t pes o token o e in s an take pla e on the Po e hain. Spe ialized o mats o tokens, su h as the p emium token, hi h dist i utes alue to token holde s ased on the a hie ement o a eed-upon Ke Pe o man e Indi ato s KPIs , an e easil de eloped and mana ed usin uilt-in eatu es o the Po e hain. Real-Time C pto Pa ment B De it Ca d: ​While the e ha e een a num e o de it a ds that ena le use s to s eep o e iat u en p o eeds om a p e ious sale o pto assets o use in a d pu hases, a ette solution in ol es the automated eal-time on e sion o a pto asset at the time o the pu hase de ision. O e the past nine months, a p oo -o - on ept o this solution has een deplo ed to a test oup o app o imatel use s that ha e su ess ull ompleted mo e than , t ansa tions in u en ies and in o e ount ies. H id Es o Se i e: ​Es o se i es ha e histo i all al a s een hi hl ent alized. With an inhe ent need o dispute esolution, hi h is nea l impossi le to do ithin de ent alized s stems, the Po e hain o e s ompellin eatu es that suppo t the ope ation o a ious es o se i es. A pee -to-pee es o e han e is the i st use ase that ill make use o the Po e hain s uilt-in es o apa ilities.

. June th Se u it Se u it is o pa amount impo tan e ithin the s stem. The s stem is p ote ted th ou h a om ination o a to s in ludin the s stemi de ense o its uni ue onsensus model hi h eatu es pee -to-pee ommuni ation et een nodes usin hite-listed IP add esses as ell as a se ies o ope ational se u it p oto ols o use in the ke mana ement o iti al elements o the s stem. Con enien e Whe e e possi le, the s stem in o po ates eatu es that imp o e on enien e and ease o use. Se u it and on enien e a e o ten diamet i all opposed, ut the s stem has een desi ned to optimize the alan e o these t o impo tant ha a te isti s. E i ien The Po e hain as de eloped to ope ate e i ientl , in ease th ou hput and speed-up t ansa tions. Bitsha es is the o e o the Po e hain s p o essin en ine and ene its om the e i ien ies o DPoS and G aphene toolkit elements to a ilitate an e t emel hi h t ansa tion apa it . Sustaina ilit A p ime o je ti e o the enti e s stem has een lon -te m sustaina ilit . The s stem as on ei ed to elia l and e i ientl ope ate o de ades into the utu e. De isions e e made in the a hite tu e o the s stem that as in ali nment ith that oal. T anspa en Data is a aila le pu li l and an one an a ess it to he k the alan es and t ansa tions on Po e hain s Blo k E plo e . ne plo e .io and this maintains the t anspa en and data inte it amon the use s. Authenti it The t ansa tion and the lo o data a e not held an sin le entit and an ea essed the pa ti ipants o the Po e hain s stem. The a tions pe o med the pa ti ipants ithin this net o k a e e i ied the nodes hi h maintain the authenti it o the s stem. P i a The s stem as desi ned to p ese e the p i a o indi iduals ithout the need o anon mit . T anspa en is maintained, ithout an omp omise to

. June th eithe the s stem se u it o the p ese ation o the p i a o net o k pa ti ipants. Simpli it An o e a hin oal is to keep the s stem as simple as possi le, pa ti ula l elated to all use inte a tions. T ust A p ime o je ti e is to use the in ast u tu e o a di ital asset s stem to uild an e e ti e net o k o t ust, ena lin all pa ti ipants and stakeholde s to sha e a ommon oal o in easin the alue o the net o k and ulti atin its o th. The net o k ill a hie e this antin t ust to e tain oles su h as the Boa d and hain autho ities to pe o m hain mana ement and ma imize the e i ien and utilit o the net o k, p o ammati all ensu in that ea h t usted ole is ell de ined and does not o e step the ounda ies o its autho it . The s stem p o ides an inhe ent in enti e to eha e ithin the ommon inte est o the net o k, and makes su e that an mis eha in autho it is shut o om the net o k and lia le to e punished o eakin the ules. The a u a and le el o ope ations o the lo k hain a e e i ied uali ied thi d pa ties, p o idin a hi h de ee o t anspa en hile also ensu in that the p i a o all pa ti ipants o the s stem is ell p ese ed. System On-Boardin Di ital Wallet Pa tne The G een E os stem has li ensed a Sin apo e ompan to p o ide its nati e di ital allet se i e. The ompan also ondu ts Kno You Custome KYC in o mation a out ea h lient, ollo s Anti-Mone Launde in AML p o edu es, and p o ides a num e o se i es in suppo t o pa ti ipants ho hoose to a ess G eenPo e ithin the e os stem s asso iated allet s stem. This di ital allet s stem e ui es the use o a ha d a e de i e eithe a anded Validato o a Led e Nano S/X to t ansa t hi he th esholds o a ti it . Blo k hain E han e The Po e hain in o po ates a de ent alized e han e that t ades, settles and lea s G eenPo e o e its lo k hain autonomousl .

. June th Pa tne E han es Additional a ess points o handlin G eenPo e and othe di ital assets de i ed om the Po e hain in lude se e al pu li pto u en e han es. T adin unde the s m ol o GRN, G eenPo e an e pu hased, sold and held in a ounts th ou h these e han es, hi h in lude CoinBene, CoinFal on, IDAX, BTC-Alpha and EUBX. Net ork Elements The node net o k suppo tin G eenPo e has a pe missioned st u tu e hi h in o po ates " hain autho ities" and Boa d mana ement to st eamline ont ol, ena le ette pe o man e, assu e sustaina ilit , a ilitate aste ite ations and ultimatel suppo t mo e inno ati e appli ations. The e a e se e al uni ue elements to the net o k deplo ment o the Po e hain. Maste Nodes The ole o the Maste Node is to a e ate t ansa tions ith the intention to p odu e Blo ks. Onl Maste Nodes ha e the autho it to ite t ansa tions into the Blo k hain led e histo . Ea h Maste Node is a a e o the othe and the must ha e een oted in the o e nin s stem. Maste Nodes a e no el in that thei autho it is ep esented ith pto aphi ke s. This means that ea h Maste Node must ha e e iste ed its Pu li Ke and ill si n ith its P i ate Ke du in the time o Blo k P odu tion. The e o e, it is possi le to hold an one pa ti ula Maste Node a ounta le o its a tions. Led e Nodes Led e Nodes a e non-autho itati e maintaine s o the Po e hain. In othe o ds, Led e Nodes do not p odu e lo ks, et the a e ate t ansa tions and pass them to the Maste Nodes o Blo k in lusion. Led e Nodes a e a le to e i t ansa tions a e the e o e use ul o oth in easin the ootp int o the G eenPo e Consensus Net o k and pe mittin onne ti it to ea h a the ithout e ui in the need to assi n autho it to the node. T ansa tion p opa ation is a ele ated e ause o Led e Nodes. Conso tium St u tu e The e a e al a s t ade-o s in on i u in a lo k hain s stem. No s stem an o e all the est aspe ts in one on i u ation. Ce tain a to s must e alan ed, as an in ease in one leads to a de ease in anothe . Nonetheless,

. June th hile the onso tium st u tu e eatu es a lo e num e o nodes and is less de ent alized, it is a le to deli e the hi h se u it o la laten inalit , and the hi h s ala ilit that a ompanies edu ed o e head. O e all, this onso tium app oa h deli e s hat is a ua l the est om ination o ha a te isti s. Boa d o Di e to s The Po e hain ena les a o e nin oa d to e ulate the pa amete s o the net o k. The Boa d is omp ised o mem e s nominated and appointed the Chai man. M . Mi hael Mathias u entl se es as the Chai man o the Boa d o Di e to s. ● The ole o the Boa d is to p opose and modi hain pa amete s, to suppo t the no mal un tionin and o th o the net o k. ● The Chain E e uti e pe o ms e tain dele ate a tions to he k the po e o said e e uti e ith the a ilit to te minate thei a ess to the net o k to a oid the isk p o a ilit . ● The Boa d itsel has no ont ol on the state o the data ase o the onst u tion o the lo k hain and is p o ammati all p e ented om makin an han es to it. ● The net o k itsel mana es and maintains the state o the t ansa tion led e , as it is the onl a o makin an undesi ed han es to

. June th su e t the majo it o Maste Nodes ithout an inte e en e o the Boa d. ● An E e uti e Di e to ho o ks on the Boa d is esponsi le o ensu in all its de isions and initiati es that a e ena ted and en o ed o ompletin the mana ement o the net o k. The E e uti e Di e to is esponsi le o di e tl o e seein all Chain Autho ities and an attend all Boa d meetin s ut is not pe mitted to ote, unless du in a isis hen an additional ote is e ui ed in o de to satis the ondition o th ee otes. Chain Autho ities Chain autho it oles e ist to handle smooth inputs to the Po e hain o use data that e ists outside o the s stem. The p o lem ith ull de ent alized s stems is the a t that the annot ha e elia le inputs, o e ample, Bit oin is eated inte nall in the Bit oin lo k hain and is me el t ans e ed a ound. In o de o a s stem to ha e elia le inputs, the e must e the e taint that alue has een ont i uted to the net o k. Value annot e ist ithout an independent o se e and so the onl a to e i that the use has su mitted the alue to the s stem is to maintain an impa tial o se e . Ea h autho it ole is set up in su h a a that: ● The e is no a o the autho it to make a meanin ul un anted impa t on the state o the net o k as the net o k an all a k to a ailsa e state. ● The a tions o the autho it a e he ked a sepa ate authenti ation autho it and the e a e p o ammed measu es to assu e the e is minimal han e o ollusion. ● The e a e in enti es to pe o m in the est inte est o the net o k. ● An mali ious a tion the hain autho it is t anspa ent and ill lead to that a ount ein ma ked as unt ust o th , shut o om the net o k and penalized. Chain Ope ations The Boa d sets the p o edu es and ensu es the p ope e e ution o the ollo in : ● The autho ization o Maste Nodes and Led e Nodes ithin the Po e hain net o k in ast u tu e.

. June th ● Inte ention at times o isis, ● E e ution o all Boa d Pa amete s The E e uti e Di e to o e sees the pe o man e o all hain autho ities, mana es the lo o p oposals o the Boa d to onside , and a ilitates e e endums. P o ided p ope p o edu es ha e een ollo ed and ne essa th esholds ha e een su passed, the E e uti e Di e to is esponsi le o en o in all Boa d initiati es and de isions, and is ull a ounta le to the Boa d o all ope ations ithin the s stem. O erall System E i ien y The Po e hain s stem elies on a sha ed hain state in the memo data ase o state ul o je ts elated to use data su h as a ount alan es o G eenPo e and othe di ital assets . Blo k hain state is ull ep odu i le appl in the t ansa tions in o de . The lo k hain nodes o m the state appl in t ansa tions om the p e ious lo ks, ho e e , the state onsensus is ea hed ollo in the lon est hain o lo ks that node an see. One o the main oals o the Po e hain is a hi h apa it o ast t ansa tions. Be ause ea h node sto es the sha ed state in memo , t ansa tions an e ui kl alidated a oss the net o k. This si ni i antl in eases the num e o t ansa tions that an e in luded in a lo k and the e in eases the o e all th ou hput o the net o k. The e is no demandin P oo -o -Wo k e ui ed to si n a lo k, ea h itness an ui kl olle t and e i t ansa tions a ainst the lo al state to o m a lo k o alid t ansa tions, o si n them ith thei lo k si nin ke and t ansmit the si ned lo k to the est o the net o k. Nodes an also ui kl oll a k t ansa tions in ase o onsensus ailu e, oth in ase the lo k ein eje ted due to ein on a sho te o k du in o k esolution o due to the t ansa tion e pi in ithout ein in luded in an lo ks. Lon -Te m Sustaina ilit The e a e inhe ent e i ien ies to the P oo -o -Autho it and Dele ated P oo -o -Stake onsensus models. Rathe than in u the inan ial u den o p ote tin an openl - on i u ed net o k o pee -to-pee se e s, these methods o ea hin onsensus emplo si ni i antl mo e e i ient means o ea hin onsensus.

. June th B alan in aspe ts o ent alization ith elements o de ent alization, the s stem is apa le o mana in itsel th ou h a su i ientl andomized ut hi hl -e i ient onsensus method. B in o po atin losed-s stem a hite tu e in the ope ation o its onso tium o net o k nodes, hile p ese in open-s stem d nami s in othe aspe ts o the s stem, the Po e hain is a le to ene it om the ad anta es o lo k hain p oto ol ithout the u den o the ine i ien ies asso iated ith de ent alized open-s stem a hite tu e and ith edu ed se u it hallen es e sus those asso iated ith ent alized s stems. To ethe , these d nami s eate a lo k hain s stem that eatu es hi h se u it , hi h s ala ilit and is e t emel sustaina le o e the lon te m. Gro th Dynami s o the E osystem The e os stem is a ital pa t o the o th st ate that leads to mainst eam adoption o G eenPo e . The di e ent omponents o the e os stem o k to ethe to uild o the s ale o the o e all s stem and in ease utilit and li uidit . Sta e - Foundation: T ​ he i st sta e o the e os stem in ol ed esta lishin the undamental omponents o the e os stem, in ludin the lo k hain, the net o k, the di ital allet s stem and the initial dist i ution o the sto e-o - alue units, as ell as onne tin to a num e o e han es. This pe iod lasted ea s om June to Ma . The e is no a i ed num e o G eenPo e units and all ha e een dist i uted. Sta e - Momentum: W ​ ith all units o G eenPo e ull dist i uted, the o us is no on in easin the utilit o the oins. G eenPo e is meant to e used me hants as an in enti e o pu hase and a e a d o lo alt . G eenRe a ds is the uni e sal e a d p o am that ena les an me hant in the o ld to ui kl and easil o e ustome s a o ld- lass ustome lo alt p o am. T a eleum is a p ime e ample that sho s ho a ompan an inte ate G eenPo e into its usiness. T a eleum o e s GRN as pto- a k e a ds on the pu hase o t a el se i es and also pa s its a iliate ma kete s in GRN ea h time a VIP mem e ship is sold. As a e a d and in enti e o ustome s, G eenPo e needs to e easil edeema le o a ide an e o p odu ts and se i es. The an e o

. June th edemption possi ilities an e si ni i antl in eased th ou h GRN-ena led pa ment solutions e. ., G eenRe a ds a d, Allian ePa a ds and the ne t- ene ation losed-loop pa ment s stem and the p oli e ation o ou p op ieta pa ment ate a hi h ena les GRN to e inte ated into man e istin pa ment s stems . As a uni e sal unit o e a d o ustome lo alt , G eenPo e must e easil olle ti le at a ide spe t um o me hants, oth online and o line, in ount ies th ou hout the o ld. Me hants ill e added p o essional a iliates ho stand to ain lon -te m esidual st eams o e a ds o ea h me hant added to the s stem. These a iliates e ei e on oin e a ds th ou h the allet s a iliate p o am as ompensation o onne tin oth onsume s and me hants to the allet solutions. The a iliates o e me hants an inno ati e losed-loop pa ment s stem that o e s sa in s, automated e a ds and added se u it o in-s stem t ans e s he e oth onsume and me hant a e pa t o the di ital allet s stem o a a iet o iat and pto u en ies. The s stem also a ilitates pa ments om the ull spe t um o t aditional p o ide s, su h as Maste a d, Visa, and Pa Pal. It also o e s the me hant a a to o e a ustomized lo alt p o am o thei ustome ase that e a ds and in enti izes ith G eenPo e . The allet is the hea t o the e os stem. Man o the ene its o the e os stem a e a essed di e tl th ou h the allet, in ludin a ess to e han es, ma ketpla e, and pa ment p odu ts. The allet is the ente o the onsume as ell as o the me hant. As mo e and mo e onsume s olle ts e a ds th ou h the allet, and as mo e and mo e me hants e a d thei ustome s th ou h the allet, the e ill e in easin demand o G eenPo e . Sin e G eenPo e is o a i ed uantit and is al ead ull dist i uted, the added demand is likel to in ease the p i e o G eenPo e . The eate the o th o use s olle tin and e a din , the st on e the demand ill e on the limited suppl o G eenPo e . I this happens on a lo al asis in a st on enou h manne , G eenPo e an esta lish itsel as the de initi e e a ds u en o the o ld.

. June th E osystem Roadmap The ollo in is a oadmap o up omin p odu t laun hes and ne eleases s heduled o the se ond hal o : Jul Ne di ital allet laun h Jul OREAO eta e site laun h Jul T a eleum eta e site laun h Jul Allian ePa hite pape to e eleased Jul G eenRe a ds eta e site laun h Jul DasMa ket eta laun h Au Automated ma ketin s stem laun h Au Wallet a iliate p o am laun h Au 8 Fi st G eenRe a ds a ds to e eleased Sep 8 Ne Das P oje t Sep Fi st Allian ePa a ds to e eleased Sep ​ Closed-loop pa ment s stem laun h O t Fi st asset- a ked tokens to e eleased No T ade inan e se i e laun h De Blo k hain se i es ompan laun h

. June th Con lusion The st en th o G eenPo e is its lo al utilit , the st u tu e o the Po e hain and the allian e o ompanies, kno n as the G een E os stem, that suppo ts it. Mainst eam Utilit : ​G eenPo e has een desi ned to add ess the issues that ha e p e ented di ital u en ies om ein adopted mainst eam use s. Rathe than ompete ith iat u en ies as a p ima pa ment me hanism, G eenPo e is instead positioned to se e as a lo al e a ds u en that an e o e ed as an in enti e me hants, olle ted easil onsume s and e o tlessl edeemed o a ide an e o oods and se i es. This s stem o di itall -sto ed alue is apa le o sol in man o the p o lems asso iated ith t aditional ustome lo alt p o ams. As the e a ds u en o one o the o ld s i st uni e sal ustome lo alt p o ams, G eenPo e is ell positioned to att a t a iti al mass o mainst eam use s th ou hout the o ld. Optimal Li uidit : ​The health o an asset an e de ined the di e en e et een the u p i e and the sell p i e. The lo e the sp ead, the healthie the ma ket en i onment, and the st on e the asset. The ualit o the undamentals o the asset om ined ith the a a eness o the ma ket dete mines the le el o the sp ead. The undamentals o an pto u en e in ith its st u tu e and a e hea il in luen ed the ualit o the initial dist i ution, its utilit , pe o man e, apa it , a ilit to s ale and the a ilit o the s stem to sustain itsel . G eenPo e s undamentals a e e t emel st on , sta tin ith the ualit o its initial dist i ution, uildin on the potential impa t o its p ima use ase and its man additional use ases, and inishin ith the soundness o its net o k a hite tu e and the lon -te m ia ilit o its ope ations model. All o these a to s an o k to ethe to enhan e the ualit o G eenPo e s li uidit . Conse uentl , as the ma ket ette unde stands the st en th o G eenPo e s undamentals, its li uidit is likel to in easin l app oa h optimal le els. Endu in E i ien : ​In the past, the e asn t enou h emphasis on the in ast u tu e e ui ements o lo k hain deplo ments, spe i i all the elements that elate to elia ilit , a aila ilit , s ala ilit and maintaina ilit . These a e u ial a to s to ensu in that the lo k hain an pla a ia le ole in the inan ial li es o mainst eam use s. An enti e le el o ualit assu an e has een omitted om the ealm o lo k hain te hnolo mainl due to the

. June th inhe ent limitations o the de ent alized natu e o most lo k hain te hnolo . The Po e hain p o ides this missin element th ou h its h id st u tu e, om inin the st on est elements o de ent alized s stems ith e tain ad anta es o mo e ent alized s stems. The Po e hain s st u tu e ena les the net o k suppo tin G eenPo e to deli e o ld- lass pe o man e, seamless s ala ilit and lon -te m e i ien . B adaptin t ust to the di ital pa adi m, the G een E os stem is uni uel st u tu ed to p o ide its pa ti ipants ith the ene its o mainst eam utilit , optimal li uidit and endu in e i ien .B ul illin its immense potential, G eenPo e is positioned to unlo k unp e edented le els o p ospe it th ou hout the o ld.

. June th Re eren es G eenPo e : https:// npo e .io/ G eenE plo e : https:// ne plo e .io/ G eenPo e GitHu : https://​ ithu . om/ een-po e hain-ltd BitSha es Do umentation: https://ho . itsha es. o ks/en/maste /inde .html G aphene: https:// .steem. ente /inde .php?title=G aphene Consensus Me hanisms: https://ha ke noon. om/di e ent- lo k hain- onsensus-me hanisms-d ea d P oo -o -Wo k PoW : https://en. it oin.it/ iki/P oo _o _ o k P oo -o -Stake PoS : https://en. ikipedia.o / iki/P oo -o -stake Dele ated P oo -o -Stake Consensus DPoS : https://ho . itsha es. o ks/en/maste /te hnolo /dpos.html P oo -o -Autho it Consensus PoA : https://medium. om/poa-net o k/p oo -o -autho it - onsensus-model- ith-i dentit -at-stake-d d ThePo e hain Ltd Suite , /F, To e A, Ne Manda in Plaza, S ien e Museum Road, Tsim Sha Tsui, Ko loon Hon Kon