INTRODUCTION
Over the years, in the crypto space, (new) innovations keep surfacing every now and then at an almost incessant rate. They all come with unique features or problem-solving functionalities that makes them stand out amongst their existing counterparts at a given time. Some introduce new technologies, while se do something new with already-existing technologies all in a bid to bring-about improvements, solutions, or rather, an optimization.
Arc Iris is another peculiar innovation— an addition to the crypto-world. It is not just an improvement but a solution to certain problems. We are going to be talking about this problems and how Arc Iris is solving them. Moreover, we'll talk briefly the essential Arc Iris ACI-Coin.
Of course, since the Advent of block-chain and then Bitcoin (2009), there's been countless revolutions and step-ups in the crypto-mining industry. Crypto-currencies have been being mined by different resources/tools according to the type of crypto-currency to be mined and the specific protocol/algorithms each of the types work with. The industry keeps maturing apparently, with a bright future, with much promises.
THE STATEMENT OF PROBLEMS
Below are the prevailing problems to which Arc Iris project comes to solve:
1.ENERGY COST (FOR CRYPTO-MINING)
However, and certainly, crypto-mining usually requires high power/energy for the mining procedure as well as very significant size of energy-consumption; and therefore, operating cost of this industry is expectedly high, and this has been a major issue.
2.INCREASING COSTS; REDUCING PROFITS
With very high costs, profits are negatively affected, ultimately. Worse still...it is expected that as time goes on, these costs of power/energy will keep increasing as crypto-mining complexity and volume rise too. Bitcoin operation-algorithms makes it difficult for mining, hence, consuming great amount of electric power
3.EFECTS ON ENVIRONMENT
This energy consumption/cost issue is having an undesirable effect on the environs, and this adverse effect keeps rising over time just as energy's consumption needs does. This is due to the fact that energy used to mine is gotten from electric power which is manufactured basically from fossil-fuels. (China, where most crypto-mining industries are based, depends mostly on coal for power generation). Increase in energy utilization without a corresponding increase in its availability/production is highly dangerous to our environment and the crypto-market itself.
ARC IRIS: ITS SOLUTIONS AND RELEVANCE!
Arc Iris is the creative offer that will successfully address the above problems. It comes with outstanding model/design that will help meet this essential goal.
1.HYDROGEN-TECHNOLOGY CRYPTO-ENERGY
Arc Iris are developing a fuel-cell technology that will reduce the demand for fossil-fuel technology. This is created via a by-product of hexa-gonal water and the decomposition of the same into hydrogen and oxyge which produces a great amount of energy that can be utilized for electric power.
2.FUEL-CELL CRYPTO-CURRENCY (ENERGY-OPTIMIZING CRYPTO-CURRENCY)
Arc Iris introduces a fuel-cell crypto-currency by creating for its model an energy-efficient currency that relies on the Hydro-technology. This crypto-currency is known as Arc-Iris-ACI-coin (also known as the Rainbow currency). It is powered by the Script-POW-algorithm.
3.REDUCED COST AND CONTROLLED RISKS
By the use of a cheap, efficient energy system (Hydrogen-based), the energy's consumption cost is reduced and the environmental adversity is minimized. Then, there will be higher profits.
4.APPLICATIONS IN OTHER (NON-CRYPTO) INDUSTRIES
The energy innovation will be used to provide for other industries such as those of Health, Education, Food, etc.
Other benefits include:
• Cheapest and quickest hardware for mining
• Low operations and maintenance costs
• Advanced user-interface
• Transparent and secure services
• Flexible model approach
ARC-IRIS COIN (ACI)
The utility-coin of Arc Iris idea ia the Arc-Iris Coin (ACI). It is the crypto-currency foe the the model. It is block-chain-based and it's base-algorithm is the Scrypt-POW. This combination of POW-algorithm and block-chain make the coin and it's functions very secure. Moreover, payments for all compensations and contracts will be made in ACI-coins.
ARC-IRIS MULTI-CURRENCY WALLET
This is the wallet designed by Arc Iris for storage amd managing of crypto-currencies on the platform, easily and safely. It is very secure and de-centralized.
CONCLUSION
The fact that crypto-mining requires large energy amount, is an issue in the crypto-mining industry or market. The need for more energy keeps increasing as mining complexity rises too. Hence, giving rise to an increase in energy costs and reduced profits. The environment is also being affected negatively due to the fact that the energy being (greatly) consumed is sourced from fossils-fuel or coal (which is a non-renewable resource).
Are Iris has brought the solution with Hydrogen-technology-based production of electric energy/power and fuel-cell (Hydrogen-technology-based) crypto-currencies. The Arc Iris model, alongside its technology, is revolutionizing the crypto-mining industry, and by extension other non-crypto industries.
For more information, go to the following link:
Website https://www.arciris.org/
Whitepaper https://www.arciris.org/WHITEPAPER.pdf
ANN https://bitcointalk.org/index.php?topic=5207298.new#new
Telegram https://t.me/arciris_community
Twitter https://twitter.com/ArcIrisofficia1
LinkedIn https://www.linkedin.com/company/arciris-water-hydrogen-developments/
Instagram https://www.instagram.com/arciris_official/
YouTube https://www.youtube.com/channel/UCAKGC9pOKL15P1O5XEs_f6A
GitHub https://github.com/arc-iris
Facebook https://www.facebook.com/arcirisofficial/
Author's Details
Bitcointalk username: Adaora2323
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary
ETH Address : 0x9Cb4f96eA7e45348886ECDDA29Aa726c7c428f2B