Decentralized finance (DeFi) has been growing for several years to be considered today as a real competitor to the traditional financial system in force.
But DeFi being particularly energy intensive, Blockchain players tend to reverse the trend.
Energyfi is one of them, with the mission of making these new payment solutions more responsible.
Towards a greener cryptocurrency
It has been several years since cryptocurrency revolutionized financial transactions. Initiated by Satoshi Nakamoto in 2009, this dematerialized currency has opened up new investment opportunities. Decentralized finance, or DeFi, is a recent field in the world of the cryptosphere. This new ecosystem, intended to be outside regulated markets, is tending to transform the finance sector, in particular by eliminating the presence of intermediaries.
But if Blockchains are of interest to investors so much they can generate profits, they involve an inglorious carbon footprint.
Because in addition to generating often high transaction costs, such networks cause above all an overconsumption of energy.
Imagining more ecological and less expensive alternatives then makes perfect sense.
And this is where Energyfi comes in.
Energyfi: the platform that advocates green decentralized finance Energyfi
Energyfi: the platform that advocates green decentralized finance Energyfi
Energyfi or the less energy-consuming Blockchain
The Energyfi project thus aims to go against the principle of traditional Blockchains. You should know that cryptocurrency is based on a mining system; a large number of combinations are tested in order to identify the number which generated the "hash" of a specific transaction. Except that this mining requires an impressive amount of energy.
Energyfi takes the path of a more ecological approach by freeing itself from this mining system.
The Energyfi token is therefore based on a rather simple Proof of Autorithy principle: only third parties using green energy can be used as validator of transactions.
Also, the platform assumes that the more users a Blockchain has, the more it is possible to move towards a more responsible system.
Energyfi thus aspires to guide the industry towards plural and ethical issues:
- Decentralization,
- Transparency,
- Environmental awareness,
- Cross-chain interoperability.
An all in one platform for more responsible decentralized finance
To materialize its ambition, Energyfi has deployed several decentralized applications, a set of Dapps intended to reach green networks and see the emergence of a DeFi that is more respectful of the environment. Energify makes it possible to facilitate the work of blockchain developers, but also to allow investors to launch their project on EnergyPad. This fundraising platform allows cryptocurrency projects and companies to sell their tokens through decentralized devices.
Energyfi also presents a platform dedicated to decentralized exchange, thus giving more chances to projects to materialize. Token players will thus be able to fully buy and sell, while avoiding the risk of a lack of liquidity. The token developed by Energyfi is therefore doubly virtuous: in addition to simplifying the launch of cryptocurrency projects, it limits the carbon footprint. Particularly ambitious and virtuous, the solutions imagined by Energyfi offer a real green alternative to developers. Its all-in-one aspect is also a significant asset in making this type of investment more accessible. And investors precisely then benefit from a transparent environment endowed with plural services intended to offer them a passive income.
Scheduled for January 10, 2022, the Energyfi platform is shaking up cryptocurrency codes.
More responsible, greener, but no less fruitful, this decentralized finance now seems accessible to everyone.
The launchpads deployed by the entity allow professionals and individuals to get started, to raise funds in order to materialize their own projects.
A virtuous circle, both for finance and the planet!