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About GEN

Generation (GEN) is an interoperable protocol for extending the Web 3.0 ecosystem. GEN intends to actively support the three values of 'freedom', 'sovereignty', and 'decentralization' while composing the Web 3.0 ecosystem. The first 'freedom' guarantees 'freedom' of expression and the privacy of data by utilizing blockchain. The second 'sovereignty' allows users to strengthen and own the 'data sovereignty' in the Generation ecosystem in line with the Web 3.0 era and obtain rewards by using it. The third 'decentralization' utilizes Generation Protocol to operate decentralized networks and assets. Through these three values, users can experience the true Web 3.0 and become the members of GEN ecosystem.

Generation (GEN) is a cryptocurrency launched in 2022. GEN has a current supply of 3.79Bn with 0 in circulation. The last known price of GEN is 0.000118036411 USD and is -0.000000020986 over the last 24 hours. It is currently trading on active market(s) with $93.03 traded over the last 24 hours. More information can be found at https://gen.foundation/.

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Updated Apr 24, 2024 2:05 am
Mkt Cap $0
There's nothing here for now
PayPal Proposes Incentives for Bitcoin Miners to Use Clean Energy
PayPal Proposes Incentives for Bitcoin Miners to Use Clean Energy
According to Blockworks, a recent report by PayPal's internal research group suggests that economic incentives could encourage bitcoin miners to adopt cleaner energy sources. Bitcoin's proof-of-work (PoW) consensus mechanism has been criticized for its high computational intensity, which has raised environmental concerns. The report proposes a solution that involves offering additional bitcoin rewards to miners who use low-carbon energy sources. Under the PoW mechanism, bitcoin miners are compensated with bitcoin for their computational work. The report suggests that a small additional amount of bitcoin could be allocated to miners who prioritize environmentally friendly practices. The proposed program would begin by identifying 'green miners' who use clean energy or have a minimal impact on energy grids. These miners would be identified by their public keys, referred to as 'green keys'. To incentivize these green miners, certain bitcoin transactions would include a UTXO with a multisig wallet containing extra bitcoin. This wallet could only be accessed by green keys. These transactions would also feature lower-than-average fees, making them more attractive to green miners. The report likens this approach to providing an 'indirect grant' to bitcoin miners who use cleaner energy. However, the report acknowledges potential drawbacks. For instance, miners who do not prioritize green practices could still pick up transactions earmarked for green miners if the low fees are not a deterrent. The report also suggests measures to prevent 'malicious green miners' from driving up transaction fees on green transactions for personal gain. The report does not specify the amount of the 'subsidy', only stating that the green miner multisig would contain 'some bitcoins'. If the public mempool solution proposed by PayPal is not effective, the report suggests that smart contracts or the Lightning Network could be used to privately reward green miners. This would, however, require a level of trust. The report was produced by PayPal's Blockchain Research Group, which has been operational since around 2015. The group tested aspects of the incentivization program with blockchain company DMG.
Apr 24, 2024 1:39 am

Frequently Asked Questions

  • What is the all-time high price of Generation (GEN)?

    The all-time high of GEN was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Generation (GEN) is 0. The current price of GEN is down 0% from its all-time high.

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  • How much Generation (GEN) is there in circulation?

    As of , there is currently 0 GEN in circulation. GEN has a maximum supply of 10.00Bn.

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  • What is the market cap of Generation (GEN)?

    The current market cap of GEN is 0. It is calculated by multiplying the current supply of GEN by its real-time market price of 0.000118036411.

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  • What is the all-time low price of Generation (GEN)?

    The all-time low of GEN was 0 , from which the coin is now up 0%. The all-time low price of Generation (GEN) is 0. The current price of GEN is up 0% from its all-time low.

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  • Is Generation (GEN) a good investment?

    Generation (GEN) has a market capitalization of $0 and is ranked #6514 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Generation (GEN) price trends and patterns to find the best time to purchase GEN.

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