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5ire
5ire is a Layer 1 blockchain platform that integrates sustainability into its core through its Sustainable Proof of Stake (SPoS) consensus. It empowers developers to build dApps that combine blockchain with real-world impact, focusing on Real-World Asset (RWA) tokenization and offering dual-chain (EVM/Wasm) compatibility for high performance and future-proofing.
Distributed
Description
5ire is a hybrid Layer 1 blockchain platform with a core focus on sustainability. It utilizes a unique consensus mechanism called Sustainable Proof of Stake (SPoS), which rewards sustainable practices and aligns blockchain incentives with environmental responsibility. The platform is designed for scalability, speed (claiming over 1,500 TPS), and efficiency, with a significantly lower energy usage compared to other networks. 5ire supports dual-chain smart contracts with both EVM and WASM compatibility, enabling developers to deploy dApps that can bridge the gap between blockchain technology and real-world impact. A key focus for 5ire is the integration and tokenization of Real-World Assets (RWAs), aiming to provide trusted and immutable sustainability data linked to these assets.Grant Funding
VC Funding
None
2021
$0
$21M