LOS ANGELES, CA / ACCESSWIRE / January 21, 2022 / While the advent of decentralized currencies like Bitcoin and Ethereum have undeniably provided the general public with enticing alternatives to using traditional financial institutions, one inherent issue within the present tech has prompted major pushback: its lack of sustainability. Considering Bitcoin's current .55 percent stake in the globe's yearly electricity production, pushing its annual energy consumption beyond that of highly-developed nations like Finland and Sweden, many potential crypto users have eschewed Blockchain tech's possibilities due to its clear contribution toward climate change. Now, Sologenic's burgeoning new third-gen Blockchain Coreum looks to subvert the industry's conventional problems, producing a carbon footprint 99 percent lower than its rivals and ushering in a new era of sustainable Blockchain technology.
Built by the Sologenic Development Foundation's independent community of developers with the purpose of targeting Blockchain's integral issues built by its rivals' 1st and 2nd generation methodology, Coreum seeks to improve and remedy these weaknesses to make the tech both more user- and environmentally-friendly. With the capability of acting as the core infrastructure for pre-existing and up-and-coming applications, Coreum assists developers in building these decentralized platforms, whether DeFi, in the Metaverse, and everything in between, without sacrificing efficiency or sustainability. Coreum's improved Web Assembly (WASM) engine-powered smart contracts across multiple languages and built-in bridge interoperability likewise allows the new Blockchain to be easily adopted on a global scale, stimulating potential extensive growth within its own ecosystem.
Coreum continues to remedy the fiscal limitations of decentralized currency's present structure with its modernization of transaction costs; while Ethereum essentially punishes its users with exorbitant transaction fee rates that require huge amounts of energy to execute, Coreum's cost-efficient structure ensures user's consistently low fees while simultaneously cutting down on electricity usage. While Ethereum users are financially penalized for making transactions during high-traffic times, Coreum flips this concept on its head by actually lowering rates during high-demand times, allowing the platform to process up to 7,000 transactions per second, one hundred times more efficient than Ethereum's established rate of five transactions-per-second.
By breaking the conventional boundaries of established Blockchain technology, Coreum presents the unrivaled opportunity for sustainable and cost-efficient participation in the decentralized currency economy, ushering in an exciting new era of eco- and consumer-friendly Blockchain in the process.
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