4NEW: PRODUCING ENERGY FROM WASTE USING BLOCKCHAIN TECHNOLOGY

INTRODUCTION

The disposal of waste products in our environment has negatively impacted the environment as a result of pollution caused by these waste products. The decay of biodegradable waste products which causes air pollution and the burning of non biodegradable waste products both releases CO2 into the atmosphere which causes the depletion of the ozone layer hence making the earth prone to direct ray of light from the sunlight (Green House Effect). These activities of man in disposing these wastes and burning of wastes are however hazardous to the environment as they pose threat to both terrestrial and aquatic habitat.

The CO2 emitted during the activities of waste disposal and burning add to the pool of CO2 available in the atmosphere which are gaseous waste products of human respiration that contributes to the depletion of the ozone layer that protects the surface of the earth against direct ray of light from the sun. The continuous activity may eventually lead to the total elimination of the ozone layer hence making the environment deadly for all living creatures if this activity persists in the nearest future.

With this continuous action, it is however important to recycle/refine these waste products into something more valuable to man.

INTRODUCING 4NEW NETWORK

4NEW is a blockchain powered platform that aims to provide an alternative global energy from the recycling of waste products to water and other organic materials. With the increase in the expansion of blockchcain technology and more companies and individuals embracing different cryptocurrencies such as bitcoin and other altcoins which has caused a quantum increase in the values of these cryptocurrencies and eventually increase in the energy consumed in mining these coins.

4NEW has realized that with the way these cryptocurrencies are expanding and the energy consumed in mining the coins are increasing drastically on a yearly basis, the energy source available to the world will not be sustainable in the nearest future and the need for an alternative energy source from the wastes products which are valueless is essential.
As of May,2018 the energy consumed by the mining of bitcoin is equivalent to the total energy consumed by a whole country of Singapore and with the increasing mining of bitcoin, it is presumed to be the twentieth country in the world in energy consumption in 2018. Since the bitcoin mining and other crytocurrencies mining uses the same energy available to the world and the world relies on the energy produced from the burning of oil and coal, the impact of cryptocurrencies mining will not only be hazardous but also not favorable to the world economy.

The continuous trend of energy consumed by mining has prompted 4NEW network to provide an alternative energy source which can be supplied to cryptocurrency mining farms to power mining operations or sold to the national grid for household consumption through the 4NEW Power Plants since it is foreseeable the energy available to the world will not be sustainable if the trend continues.

The process in producing energy by 4NEW is simple, energy is created in the process of recycling waste products to water and organic materials and it is the energy created in this process that is channeled for mining and household consumption.

The funding of the 4NEW Network project is met through the revenue generated from wastes collection services and the sale of the byproducts in the recycling process which makes the project and the 4NEW Network coin (KWATT) self sustainable.

With the increase in the number of miners that join the cryptocurrency mining on a daily basis and the continuous increase in the value of bitcoin and other altcoins the price of 1 kilowatt of energy is expected to rise globally since the amount of energy consumed in mining a coin is directly proportional to the value of the coin that is, the higher the value/price of a coin, the higher the amount of energy required to mine the coin.

THE KWATT TOKEN

The price of a kilowatt of energy has been stable over the years at about $0.15 and it is subject to increase in the nearest future. The utility token of the 4NEW Network is called the KWATT token which is the accepted currency for payment and other transactions on the 4NEW platform and it embodies within it the value of Kilowatt of energy for one year and KWATT holders do not need to buy energy since the value of a KWATT coin provides holders with the supply of energy from 4NEW Network for a year which eliminates the concern of the holders even if there is a rise in the price of 1 kilowatt globally in the nearest future. KWATT token holders also have the ability to put their KWATT power to mine any cryptocurrency of their choice giving miners more edge and access to cheap and affordable energy.
Countries that posses the KWATT tokens have the opportunity to get power supplied to their national grids for domestic consumption of their households.

With these qualities above, the KWATT token is expected to increase in value as it is presumed to be highly demanded when launched.

CONCLUSION

The giant step by 4NEW Network in producing energy from wastes products provides an healthy environment as well as cheap and affordable energy for mining processes and household consumption. This is a welcomed development as it provides an environment free of hazardous materials that negatively impact the ozone layer and also provides easy access to energy for miners and other individuals.

For more information of 4NEW Network and how to participate in the ongoing KWATT token sale kindly visit the following links

Website: https://4new.io/
Whitepaper: https://4new.io/wp-content/uploads/2018/07/4New_White_Paper_English-.pdf
LightPaper: https://4new.io/wp-content/uploads/2018/07/4NEW-Light-Paper_new.pdf

Author
BitcoinTalk Username: Eyez_berg
BitcoinTalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2118767