Dione Protocol, a trailblazer in sustainable blockchain know-how, proudly declares the launch of Odyssey, a groundbreaking Layer 1 (L1) blockchain resolution designed with a dedication to renewable power. Since its inception in 2022, Dione Protocol has been devoted to merging blockchain know-how with clear power options to handle essential challenges inside the international power sector. With the revealing of Odyssey, Dione Protocol takes a major leap in the direction of selling sustainability inside the blockchain ecosystem.
Cryptocurrency mining’s environmental affect is a priority attributable to excessive power consumption and carbon emissions. Odyssey promotes sustainable blockchain options utilizing renewable power to attenuate ecological footprints.
What’s Odyssey Blockchain
Odyssey is a Layer 1 blockchain resolution engineered to supply unparalleled efficiency whereas adhering to the very best requirements of environmental sustainability. By harnessing renewable power, Odyssey not solely ensures energy-efficient operations but in addition units a precedent for accountable blockchain growth. The blockchain is designed to assist a variety of purposes, from decentralized finance (DeFi) protocols to non-fungible token (NFT) marketplaces and decentralized autonomous organizations (DAOs).
How is the Odyssey Blockchain powered by renewable power?
Odyssey distinguishes itself via its dedication to renewable power. This strategy drastically reduces power consumption whereas sustaining sturdy safety and efficiency. Moreover, Odyssey’s infrastructure is powered solely by renewable power sources, together with photo voltaic, wind, and hydroelectric energy, making certain that every one operations have a minimal environmental affect.
A key element of Dione’s blockchain is ORION—its DePIN (Decentralized Bodily Infrastructure Community) {hardware}. ORION is a complicated decentralized validation system that enables node operators to validate on-chain utilization of renewable power. It combines a metering machine and a gateway with a extremely energy-efficient processing unit, an AI protocol, and a blockchain validation protocol. This decentralized validation strategy enhances transparency and safety inside the Odyssey ecosystem.
The blockchain makes use of an progressive synthetic intelligence (AI) system with 95% accuracy in predicting whether or not power consumption comes from renewable sources or is powered by the grid. This AI analyzes over 10,000 information factors to establish and match climate situations and power sources in real-time. The prediction accuracy has a margin of error of solely ±3%, making certain dependable and exact information validation. This permits Odyssey to effectively optimize power consumption.
As well as, Dione plans to combine different renewable power sources into Odyssey’s infrastructure sooner or later to additional diversify the power provide. The unique use of renewable power and data-driven optimization via AI underscores Dione’s uncompromising dedication to eco-friendliness, with minimal environmental affect.
Key Options of Odyssey Blockchain
- Greater Throughput: Odyssey is designed to deal with over 4,500 transactions per second (TPS) on its Layer-1 chain, with the flexibility to scale additional via further optimizations and scaling options.
- Enhanced Scalability: The community is constructed to effectively scale to lots of and even 1000’s of nodes with out compromising efficiency, safety, or decentralization.
- Higher Safety and Information Privateness: Odyssey employs a multi-chain hybrid structure that enables for the setup of permissioned subnets. This ensures that personal information is accessible solely to approved events, whereas information integrity is maintained via public hashes.
- Enhanced Transaction Safety: Transactions on Odyssey attain finality in about one second, attaining near-instant finality. The community validates all transactions as a part of its consensus mechanism, growing safety and eliminating the necessity for the longest-chain rule.
- EVM Compatibility: Odyssey Chain seamlessly integrates with the Ethereum Digital Machine (EVM), permitting builders to deploy decentralized purposes (dApps) shortly and cost-effectively utilizing acquainted instruments and languages.
- Strong APIs: The Odyssey API provides a complete suite of functionalities, together with transaction lists, statistical information, token holder counts, and pockets switch histories, catering to a variety of growth wants.
- Power Effectivity: The proof-of-stake consensus mechanism, mixed with a dedication to renewable power sources, ensures that Odyssey operates with minimal power consumption, reinforcing its dedication to environmental sustainability.
The Staff Behind Odyssey Blockchain
The Odyssey blockchain is constructed by a devoted crew of consultants who’re enthusiastic about merging technological innovation with environmental stewardship. This various group consists of blockchain builders, power specialists, and sustainability advocates, all collaborating to deliver Odyssey to life and champion a extra sustainable future for blockchain know-how.
- Parth Kapadia – Parth is a seasoned skilled in local weather know-how with over 15 years of expertise within the energy and utilities sector. He holds a level in Civil and Environmental Engineering from the Illinois Institute of Expertise. Parth started his profession at ComEd (Commonwealth Edison), specializing in energy grid techniques, and superior to Exelon as an Entrepreneur in Residence (EIR), main a challenge supported by Constellation Expertise Ventures. He then moved to Sunrun in Silicon Valley, the place he labored on power storage options and Automobile-to-Grid (V2G) know-how. At Itron, he led the event of the GridScape Distribution Automation software program, and later served as Head of Technical Product Administration at AutoGrid, productizing over 10 Gigawatts of versatile capability via digital energy crops (VPPs) earlier than their acquisition by Schneider Electrical/Uplight. Parth has additionally launched a FedEx API service and a well being tech cellular app with over 1,000,000 customers, and he has been actively investing in cryptocurrency since 2016.
- Stefan Kermer, PhD – Stefan is a distinguished skilled in local weather know-how and renewable power, pushed by a ardour for fixing the essential challenges of local weather change. With a powerful give attention to integrating progressive options into the power sector, he performs a pivotal function in advancing Dione Protocol’s mission of sustainability. Because the Founding father of Carbon Insights, Stefan empowers the European EUA trade by offering insights and analytics that facilitate knowledgeable decision-making. His consultancy, ECO2TECH, makes a speciality of power and local weather enterprise technique, digital product growth, and VC fundraising, serving shoppers throughout the USA, EU, and UK. Beforehand, he served as Head of Innovation and Strategic Tasks at Wien Energie GmbH, the place he spearheaded startup accelerator applications and collaborated with over 30 startups to drive strategic investments in local weather and power. Stefan additionally led the decarbonization research for the Metropolis of Vienna, negotiating essential local weather infrastructure funding initiatives. With a strong educational basis in power economics from London Enterprise Faculty, Stefan combines theoretical experience with sensible expertise. His dedication to leveraging know-how for a greener future makes him a useful asset to Dione Protocol, because it pioneers sustainable blockchain options.
About Dione Protocol
Dione Protocol is a groundbreaking initiative on the intersection of blockchain know-how and renewable power. The challenge goals to redefine power consumption and manufacturing via a collection of progressive merchandise and options. At its core, Dione Protocol integrates blockchain with renewable power to handle essential environmental challenges and promote a sustainable future.
Key choices embody:
- Orion: A decentralized bodily infrastructure product (DePIN) using Synthetic Intelligence (AI) to detect and validate inexperienced power sources, setting new requirements for environmental duty.
- Odyssey: A totally renewable energy-powered L1 blockchain resolution that helps decentralized purposes whereas contributing to international sustainability efforts.
- Nebra (in growth): A peer-to-peer renewable power market envisioned because the ‘Uber for power,’ designed to democratize entry to inexperienced power and facilitate environment friendly buying and selling and sharing of renewable sources.
Dione Protocol’s dedication to minimizing the carbon footprint of blockchain know-how and advancing real-world purposes of renewable power underscores its function as a frontrunner in selling a extra sustainable and environment friendly power market.
For extra details about Odyssey and Dione Protocol’s mission, please go to https://www.dioneprotocol.com/ or contact [email protected]
