for exchanges and institutionals?
GP4BTC's Tech stack supports having multiple auditors in place. This could provide exchanges and institutions with an additional layer of verification, ensuring that the sustainability claims of miners are accurate.
Thanks, so the exchange built something like a soft fork on top of BTC which only accepts BTC mined by GP4BTC miners?
could you please explain how this technically works for institutionals. how can they verify to a 3rd party it is green?
We had a behind the scenes where we explored the subject of GP4BTC. Please kindly watch it. https://www.youtube.com/watch?v=OZRGCuGeOFY&t=177s&ab_channel=EnergyWeb
Thanks. I watched, but it only explains how a miner can prove it is green. How can I prove I bought a green btc? Do I buy a certificate from those miners?
I think there are more details to come on green proofs. We are just getting started.
Is this still classified information?
I have another question regarding GP4BTC. who is gonna pay the stakers/worker nodes? where is the revenue coming from?
Watch the BTS event about EWX, at first it will likely be from the community funds but then it will be the enterprises who launched the worker node networks. Some of them may just pay EWF or a third party in fiat to launch the worker node network others may directly buy ewt to launch the network.
@dr_jay_j is totally spot on! In short, we plan to bootstrap it from the CF (Community Fund). Subsequently, the enterprises that launch the Worker Node Networks will be responsible for funding it. Some may choose to stake tokens, while others will pay in dollars, which will then be converted to EWT to launch the worker nodes and distribute the rewards. For more information, you can refer to the Behind the Scenes, Jesse explained a lot in there!
Hi Dani, is there a foreseeable timeframe of when the CF will stop to bootstrap and the actual enterprises will fund revenue? When can we expect some more token economics detail regarding the worker nodes
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