Dione Protocol Launches Odyssey – an L1 blockchain solution powered entirely by renewable energy

Dione
Protocol,
a
trailblazer
in
sustainable
blockchain
technology,
proudly
announces
the
launch
of
Odyssey,
a
groundbreaking
Layer
1
(L1)
blockchain
solution
designed
with
a
commitment
to
renewable
energy.
Since
its
inception
in
2022,
Dione
Protocol
has
been
dedicated
to
merging
blockchain
technology
with
clean
energy
solutions
to
address
critical
challenges
within
the
global
energy
sector.
With
the
unveiling
of
Odyssey,
Dione
Protocol
takes
a
significant
leap
towards
promoting
sustainability
within
the
blockchain
ecosystem.

Cryptocurrency
mining’s
environmental
impact
is
a
concern
due
to
high
energy
consumption
and
carbon
emissions.
Odyssey
promotes
sustainable
blockchain
solutions
using
renewable
energy
to
minimize
ecological
footprints.

What
is
Odyssey
Blockchain

Odyssey
is
a
Layer
1
blockchain
solution
engineered
to
offer
unparalleled
performance
while
adhering
to
the
highest
standards
of
environmental
sustainability.
By
harnessing
renewable
energy,
Odyssey
not
only
ensures
energy-efficient
operations
but
also
sets
a
precedent
for
responsible
blockchain
development.
The
blockchain
is
designed
to
support
a
wide
range
of
applications,
from
decentralized
finance
(DeFi)
protocols
to
non-fungible
token
(NFT)
marketplaces
and
decentralized
autonomous
organizations
(DAOs).

How
is
the
Odyssey
Blockchain
powered
by
renewable
energy?

Odyssey
distinguishes
itself
through
its
dedication
to
renewable
energy.
This
approach
drastically
reduces
energy
consumption
while
maintaining
robust
security
and
performance.
Furthermore,
Odyssey’s
infrastructure
is
powered
exclusively
by
renewable
energy
sources,
including
solar,
wind,
and
hydroelectric
power,
ensuring
that
all
operations
have
a
minimal
environmental
impact.

A
key
component
of
Dione’s
blockchain
is
ORION—its
DePIN
(Decentralized
Physical
Infrastructure
Network)
hardware.
ORION
is
an
advanced
decentralized
validation
system
that
allows
node
operators
to
validate
on-chain
usage
of
renewable
energy.
It
combines
a
metering
device
and
a
gateway
with
a
highly
energy-efficient
processing
unit,
an
AI
protocol,
and
a
blockchain
validation
protocol.
This
decentralized
validation
approach
enhances
transparency
and
security
within
the
Odyssey
ecosystem.

The
blockchain
utilizes
an
innovative
artificial
intelligence
(AI)
system
with
95%
accuracy
in
predicting
whether
energy
consumption
comes
from
renewable
sources
or
is
powered
by
the
grid.
This
AI
analyzes
over
10,000
data
points
to
identify
and
match
weather
conditions
and
energy
sources
in
real-time.
The
prediction
accuracy
has
a
margin
of
error
of
only
±3%,
ensuring
reliable
and
precise
data
validation.
This
enables
Odyssey
to
efficiently
optimize
energy
consumption.

In
addition,
Dione
plans
to
integrate
other
renewable
energy
sources
into
Odyssey’s
infrastructure
in
the
future
to
further
diversify
the
energy
supply.
The
exclusive
use
of
renewable
energy
and
data-driven
optimization
through
AI
underscores
Dione’s
uncompromising
commitment
to
eco-friendliness,
with
minimal
environmental
impact.

Key
Features
of
Odyssey
Blockchain

1. 
   Higher
   Throughput:
   Odyssey
   is
   designed
   to
   handle
   over
   4,500
   transactions
   per
   second
   (TPS)
   on
   its
   Layer-1
   chain,
   with
   the
   ability
   to
   scale
   further
   through
   additional
   optimizations
   and
   scaling
   solutions.
2. 
   Enhanced
   Scalability:
   The
   network
   is
   built
   to
   efficiently
   scale
   to
   hundreds
   or
   even
   thousands
   of
   nodes
   without
   compromising
   performance,
   security,
   or
   decentralization.
3. 
   Better
   Security
   and
   Data
   Privacy:
   Odyssey
   employs
   a
   multi-chain
   hybrid
   architecture
   that
   allows
   for
   the
   setup
   of
   permissioned
   subnets.
   This
   ensures
   that
   private
   data
   is
   accessible
   only
   to
   authorized
   parties,
   while
   data
   integrity
   is
   maintained
   through
   public
   hashes.
4. 
   Enhanced
   Transaction
   Security:
   Transactions
   on
   Odyssey
   reach
   finality
   in
   about
   one
   second,
   achieving
   near-instant
   finality.
   The
   network
   validates
   all
   transactions
   as
   part
   of
   its
   consensus
   mechanism,
   increasing
   security
   and
   eliminating
   the
   need
   for
   the
   longest-chain
   rule.
5. 
   EVM
   Compatibility:
   Odyssey
   Chain
   seamlessly
   integrates
   with
   the
   Ethereum
   Virtual
   Machine
   (EVM),
   allowing
   developers
   to
   deploy
   decentralized
   applications
   (dApps)
   quickly
   and
   cost-effectively
   using
   familiar
   tools
   and
   languages.
6. 
   Robust
   APIs:
   The
   Odyssey
   API
   offers
   a
   comprehensive
   suite
   of
   functionalities,
   including
   transaction
   lists,
   statistical
   data,
   token
   holder
   counts,
   and
   wallet
   transfer
   histories,
   catering
   to
   a
   wide
   range
   of
   development
   needs.
7. 
   Energy
   Efficiency:
   The
   proof-of-stake
   consensus
   mechanism,
   combined
   with
   a
   commitment
   to
   renewable
   energy
   sources,
   ensures
   that
   Odyssey
   operates
   with
   minimal
   energy
   consumption,
   reinforcing
   its
   dedication
   to
   environmental
   sustainability.

The
Team
Behind
Odyssey
Blockchain

The
Odyssey
blockchain
is
built
by
a
dedicated
team
of
experts
who
are
passionate
about
merging
technological
innovation
with
environmental
stewardship.
This
diverse
group
includes
blockchain
developers,
energy
specialists,
and
sustainability
advocates,
all
collaborating
to
bring
Odyssey
to
life
and
champion
a
more
sustainable
future
for
blockchain
technology.

• 
  Parth
  Kapadia
  
  –
  Parth
  is
  a
  seasoned
  expert
  in
  climate
  technology
  with
  over
  15
  years
  of
  experience
  in
  the
  power
  and
  utilities
  sector.
  He
  holds
  a
  degree
  in
  Civil
  and
  Environmental
  Engineering
  from
  the
  Illinois
  Institute
  of
  Technology.
  Parth
  began
  his
  career
  at
  ComEd
  (Commonwealth
  Edison),
  focusing
  on
  power
  grid
  systems,
  and
  advanced
  to
  Exelon
  as
  an
  Entrepreneur
  in
  Residence
  (EIR),
  leading
  a
  project
  supported
  by
  Constellation
  Technology
  Ventures.
  He
  then
  moved
  to
  Sunrun
  in
  Silicon
  Valley,
  where
  he
  worked
  on
  energy
  storage
  solutions
  and
  Vehicle-to-Grid
  (V2G)
  technology.
  At
  Itron,
  he
  led
  the
  development
  of
  the
  GridScape
  Distribution
  Automation
  software,
  and
  later
  served
  as
  Head
  of
  Technical
  Product
  Management
  at
  AutoGrid,
  productizing
  over
  10
  Gigawatts
  of
  flexible
  capacity
  through
  virtual
  power
  plants
  (VPPs)
  before
  their
  acquisition
  by
  Schneider
  Electric/Uplight.
  Parth
  has
  also
  launched
  a
  FedEx
  API
  service
  and
  a
  health
  tech
  mobile
  app
  with
  over
  a
  million
  users,
  and
  he
  has
  been
  actively
  investing
  in
  cryptocurrency
  since
  2016.
• 
  Stefan
  Kermer,
  PhD
  – 
  Stefan
  is
  a
  distinguished
  expert
  in
  climate
  technology
  and
  renewable
  energy,
  driven
  by
  a
  passion
  for
  solving
  the
  critical
  challenges
  of
  climate
  change.
  With
  a
  strong
  focus
  on
  integrating
  innovative
  solutions
  into
  the
  energy
  sector,
  he
  plays
  a
  pivotal
  role
  in
  advancing
  Dione
  Protocol’s
  mission
  of
  sustainability.
  As
  the
  Founder
  of
  Carbon
  Insights,
  Stefan
  empowers
  the
  European
  EUA
  industry
  by
  providing
  insights
  and
  analytics
  that
  facilitate
  informed
  decision-making.
  His
  consultancy,
  ECO2TECH,
  specializes
  in
  energy
  and
  climate
  business
  strategy,
  digital
  product
  development,
  and
  VC
  fundraising,
  serving
  clients
  across
  the
  USA,
  EU,
  and
  UK.
  Previously,
  he
  served
  as
  Head
  of
  Innovation
  and
  Strategic
  Projects
  at
  Wien
  Energie
  GmbH,
  where
  he
  spearheaded
  startup
  accelerator
  programs
  and
  collaborated
  with
  over
  30
  startups
  to
  drive
  strategic
  investments
  in
  climate
  and
  energy.
  Stefan
  also
  led
  the
  decarbonization
  study
  for
  the
  City
  of
  Vienna,
  negotiating
  crucial
  climate
  infrastructure
  investment
  projects.
  With
  a
  solid
  academic
  foundation
  in
  energy
  economics
  from
  London
  Business
  School,
  Stefan
  combines
  theoretical
  expertise
  with
  practical
  experience.
  His
  commitment
  to
  leveraging
  technology
  for
  a
  greener
  future
  makes
  him
  an
  invaluable
  asset
  to
  Dione
  Protocol,
  as
  it
  pioneers
  sustainable
  blockchain
  solutions.

About
Dione
Protocol

Dione
Protocol
is
a
groundbreaking
initiative
at
the
intersection
of
blockchain
technology
and
renewable
energy.
The
project
aims
to
redefine
energy
consumption
and
production
through
a
suite
of
innovative
products
and
solutions.
At
its
core,
Dione
Protocol
integrates
blockchain
with
renewable
energy
to
address
critical
environmental
challenges
and
promote
a
sustainable
future.

Key
offerings
include:

1. 
   Orion:
   A
   decentralized
   physical
   infrastructure
   product
   (DePIN)
   utilizing
   Artificial
   Intelligence
   (AI)
   to
   detect
   and
   validate
   green
   energy
   sources,
   setting
   new
   standards
   for
   environmental
   responsibility.
2. 
   Odyssey:
   A
   fully
   renewable
   energy-powered
   L1
   blockchain
   solution
   that
   supports
   decentralized
   applications
   while
   contributing
   to
   global
   sustainability
   efforts.
3. 
   Nebra
   (in
   development):
   A
   peer-to-peer
   renewable
   energy
   marketplace
   envisioned
   as
   the ‘Uber
   for
   energy,’
   designed
   to
   democratize
   access
   to
   green
   energy
   and
   facilitate
   efficient
   trading
   and
   sharing
   of
   renewable
   resources.

Dione
Protocol’s
commitment
to
minimizing
the
carbon
footprint
of
blockchain
technology
and
advancing
real-world
applications
of
renewable
energy
underscores
its
role
as
a
leader
in
promoting
a
more
sustainable
and
efficient
energy
market.

For
more
information
about
Odyssey
and
Dione
Protocol’s
mission,
please
visit


https://www.dioneprotocol.com/
or
contact


[email protected]