5ire is a dual-chain blockchain ecosystem that operates on both the EVM (Ethereum Virtual Machine) and WASM (WebAssembly) platforms. Its primary focus is on addressing global sustainability challenges in alignment with the United Nations' 2030 agenda for sustainable development. At the heart of 5ireChain, the native blockchain of 5ire, lies a Sustainable Proof-of-Stake (SPoS) consensus mechanism that rewards validators for their commitment to sustainability with higher incentives. 5ire aims to shift the paradigm from a purely profit-driven model to one that prioritizes societal benefit.
The goal of 5ire is to integrate blockchain technology with sustainability initiatives, while also facilitating the participation of governments, enterprises, and institutions in activities and reporting related to sustainability-focused real-world assets.
In Q2 of 2023, 5ire launched the Thunder Testnet for 5ireChain, which saw over 2 million transactions and the creation of more than 250,000 wallets within the first month. Alongside the testnet, the 5ire technical team introduced a sustainability service to incorporate sustainability data onto the blockchain. Additionally, several decentralized applications (dApps) were released, including:
5ire Wallet
5ire Explorer
5ire Validator app
5ire Nominator app
5ire IDE
The upcoming milestones for 5ire include the launch of the 5ireChain Mainnet in 2024 and the further development of tools to facilitate the seamless integration of governments and enterprises. This integration aims to provide ESGaaS (Environmental, Social, and Governance as a Service) on-chain, thereby enhancing 5ire's main revenue streams.
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