Recently, the news broke out about the power consumption Bitcoin mining. It was recorded that in November alone, the power consumed by the total bitcoin network was appraised to be higher than that of the Republic of Ireland. Since then, its difficulties have only grown.
It’s now on pace to use just over 42TWh of electricity in just 1 year, engaging it ahead of New Zealand and Hungary and just behind Peru, according to estimates from Digiconomist. That’s proportionate with CO2 emissions of 20 megatons – or roughly 1m transatlantic flights. EXPENSIVE is the perfect word for this.
Throwing this into retrospect’s shows that the life of world – animals, plants and humans are at the risk of the extinction by the continual high energy impact of Bitcoin mining.
Interestingly, the gas companies and technologist emit more CO2 during operation which is a great threat to ecosystem as well.
It’s by no mistake that a blockchain related project is rising up to this eminent and very scary problem. In fact, our world is running into a very dangerous collapse where the population rate give escalating like it will wipe out all lives.
The goal of the RusGas is to unite researchers and gas companies to create a functional ecosystem that will bring gas technologies up to a qualitatively new level.
In more clearer terms, this is to improve the environment, to optimize the consumption of natural resources, and reduce the production costs of valuable compounds.
NOW THE BIG QUESTION: WHAT IS A CRYPTOCURRENCY DOING WITH GAS
Come to think of it, fuel and energy industry cannot be eradicated. In some ways, machines will continually require some form of energy to run. Solar Energy, Natural gas, BioGas to name a few. That it, the Energy – Gas sector is inneglectable.
It is more evident that that the energy sector itself is currently undergoing some form of revolution. Going by historical facts, revolutionary periods are the best time to inject addition change factors and in this case. Blockchain is introduced into Energy.
As we write, there are still a number of challenges with the energy sector, namely:
- Cumbersome distribution chain between production and end-usability.
- Small market players are somewhat neglected. They can’t play in the energy market with small capitals.
- Cost-recovery is far delayed that usual
All these and many more are present and growing concerns for the Energy Sector and fortunately, the Blockchain Technology has a 86.7% assurance of meeting and solving these problems.
In fact, it is project that this is crucial time for this RusGas solution as the demand for energy will not reduce.
India and china alone is edited to deliver the greatest demand for energy, population is at the crux of this demands and as Renewable energy is showing up as a substitute; Oil and gas will catch up with the consumer demands till 2040, if not more than.
WHY RUSSIA ?
Judging by the image above, about 30% of the world’s best gas reserves are concentrated in Russia. Despite the poor development level of gas related innovations in the region.
In fact, it would have been better to have growing research and a interest in preparing Russia for this Energy Explosion. But unfortunately, there is little or no development going on.
These slow developments is creating more economical gaps between the Producers and the users and makes Russian’s energy space far behind in delivery the world energy solutions.
Project-ably, 4 main results will be gotten as RusGas injects Block-chain into the Energy-Gas Industry.
- Attention to the need for research will increases causing a developmental growth in the world’s Oil and Gas Industry.
- Reduction in the associated gas flaring due to advanced technologies with improvement in the environmental situations.
- Related technologies and industries will experience breakthrough based on the new gas technologies that will emerge.
- Economic situation not direct and indirect contributors to the oil industry will increase by producing cleaner gas products, new and suitable logistical methods to creating fuel cells.
Fortunately, not only Russian experiences these realities, which makes RusGas a path for other Oil and gas organizations to use this blockchain technology in fostering their Research and Development.
Hence, below are the reasons why GAS COMPANIES WILL NEED RUSGAS.
- Higher security through the use of cryptography in each transaction as it relates to Oil and gas deals.
- Decentralization of the oil and gas system to minimize subsequent failures.
- Transparency of all transactions since they are all documented in an open public ledger and accessible to all users.
- Lag is eliminated and promptness can be experience as no human intermediaries is expected.
- Recorded Data on the network can’t be modified without the consensus of other holders of the RSG token.
- Being a falcon in the implementation of Blockchain for Gas industry, it will be a watch out for other likely similar projects.
HOW TOKEN SALE IS CARRIED OUT
The sales of RGS is done on two major facts:
- Fund Raising for development and promotion of the RUSGAS Project
- Adoption of the RGS Token for public use.
HOW TO PARTICIPATE IN THE TOKEN SALE
First is to ensure that you are have sufficient ETHERIUM as only Ethereum is accepted.
You will be required to make a direct transfer of the ETH equivalent to the tokens you want to purchase.
It’s paramount that you don’t make transfer from an Exchange to the RGS contract address as such transactions will be lost. Only ERC20 wallets are advices. For example:
To read RusGas Project white paper: http://rusgas.io/wp-content/uploads/2018/03/RUSGAS-Whitepaper_en.pdf
Visit website ENGLISH: https://rusgas.io/en/
Join Telegram group: https://t.me/rusgas_official
Follow on twitter: https://twitter.com/RusGasOfficial
Follow on Facebook: https://fb.me/RusGasOfficial
See Bitcointalk Community: https://bitcointalk.org/index.php?topic=3301546