🟢Background

Market Analysis

Spreading Global New Renewable Energy Market

Without a question, technology has altered our world by influencing the way we conduct business and interact. Life-improving technologies such as cellphones, the Internet of things, and blockchain technology have all emerged from technological advancements. The discovery of blockchain technology spawned a whole new sector and market known as cryptocurrencies. The cryptocurrency boom began with the introduction of the first cryptocurrency, Bitcoin, which was quietly introduced on January 3rd, 2009. Since then, the world has become more aware of the reality of blockchain technology and the activities that flow from it, such as bitcoin mining.

Only a tiny minority of bitcoin aficionados dedicated their additional computing power to mining cryptocurrencies in the initial days. Today, the scenario is changing. The unending and boundless desire for more and more electrical power required to mine cryptocurrencies to complete the Proof of Work (PoW) cryptographic calculations required to safeguard these networks has resulted in a problem.

The fact that bitcoin mining has resulted in an excessive need for electricity is only part of the issue. The fact that a major portion of the power is generated by polluting and non-renewable power sources is a greater part of the issue. Blockchain and cryptocurrency mining will gradually transition from a decentralized network to a centralized system as the computing power needed to mine cryptocurrencies is so large that it creates an obstacle for small-time miners, making cryptocurrency mining a game for big corporations only. It is necessary to develop crypto mining power that is ecologically safe and based on green and renewable energy sources. The BGTRON comes into play here.