EcoWay Staking Platform Expands Green Crypto Farming

The Proof-of-Spacetime consensus method powered by Chia Coin seeks to open up green crypto betting to the masses.

Spacetime Proof Consensus

The EcoWay team is pleased to present its solution, one of the first large-scale agricultural infrastructures dedicated to the space-time proof consensus method, which has become an attractive participation platform, but not only because of the yields it offer.

The corporation chose a considerably more energy-efficient consensus technique called Chia Coin and its space-time proof protocol, along with a nearby photovoltaic system to meet its already low power requirements. For the first time, EcoWay is an organic farming service that doesn’t require its customers to have their own infrastructure to use. The cryptocurrency business has needed a green revolution for a long time.

“A year ago, we were one of the first companies to invest in research and development of a new green way of acquiring cryptocurrencies. Today, we are pleased to present the result of our work,” EcoWay CEO Mariusz Poplawski commented.

Crypto Mining Mania

Many people have jumped into the mining industry as a result of the current crypto craze. While it was possible to benefit from Bitcoin’s proof-of-work algorithm, two difficulties arose: power consumption and hardware availability. EcoWay’s agricultural infrastructure was built with scalability and automation in mind just over a year ago in response to this challenge. In total, it currently has 170 plotters with 3,500 drives and a whopping 25PB of storage.

EcoWay allows users to stack ECY tokens, EcoWay’s BEP-20 token, to farm Chia Coins, as well as any of its forks that pass the AN audit process, with no hardware setup required. ECY tokens will be available for purchase outside of EcoWay on controlled and decentralized exchanges, in addition to numerous rounds of public distribution.

How the space-time test works:

The Proof-of-Spacetime protocol was introduced in early 2021 by Bram Cohem, the founder of Chia Coin, but notably also the father of the world-renowned BitTorrent peer-to-peer protocol. EcoWay provides the necessary hard disk space to the Chia network and, in return, distributes the profits produced to the ECY stackers.

Unlike mining, which uses graphics cards to mine power-hungry blocks, farming uses hard drive space through Proof of Space, which validates and rewards the user for keeping the allocated space unchanged. The value of storage comes not simply from capacity, but also from the length of time that capacity is used.

What is EcoWay:

Launched in February 2021, EcoWay brings together investors experienced in the implementation of wind and photovoltaic energy projects, as well as in the development of computing power projects for the ERC20 protocol. Additionally, the team, led by CEO Mariusz Poplawski, has a long history of working with foreign investors and developers. You can find more information, as well as the roadmap, on their website and on the following social links:

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