Pocket Network, an infrastructure middleware protocol that facilitates decentralized cloud computing and abundant bandwidth on full nodes to other applications in Web3 across 37 blockchains, including Ethereum, Polygon, Avalanche, Solana, Fuse, and Harmony, announced today its decentralized node infrastructure has expanded globally across 6 continents and into 30+ countries. This degree of geo-availability at the […]

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Ethereum 2.0 has crossed a major milestone after recording over 10 million ETH staked on the platform. That’s $26 billion worth of ETH already staked [...]

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Dubai, UAE, Mar 11, 2022 - (ACN Newswire) - Qenetex presents innovative solutions for secure and decentralized storage of funds. Security is guaranteed by the personal signature generated and encrypted on the owner's device. The Qenetex platform is designed to help connect blockchains, services, and tokens together, thus simplifying cryptocurrency management and making the crypto world more accessible to a broader audience.

What are the main advantages of Qenetex?

When someone makes an exchange on one of the major exchanges, they can see only one price and are limited by the list of tokens that the platform supports. Qenetex works differently, connecting more than 100 exchanges and providers worldwide, both decentralized and centralized. Within 2 seconds, the Exchange Search Engine analyzes big data from all over the global market and finds the most profitable exchange routes. At the same time, users do not need to spend time understanding how the exchanges work since the engine algorithm operates automatically.

Another problem Qenetex helps solve is commissions, namely high transaction and gas commissions. Firstly, Qenetex allows users to create multi-transactions, in which they can add as many recipients as they need in one block and pay only a one-time commission, saving on fees considerably. Secondly, the Qenetex team is working on the technology of gasless transactions called GTX that will enable users to pay a gas commission in the same token they transfer. Consequently, it will remove the need to hold specific tokens for commissions and eliminate risks of frozen funds due to the lack of thereof.

Finally, while the majority of wallets and exchanges take commissions for trading or buying/selling cryptocurrency as a company profit, our team decided to change the approach. We have created a model where users can return part of their commissions as cashback or even earn on transactions. It is possible due to the open protocol, where all users can transfer assets into the smart contract, providing funds for the operation of gasless and cashback rewards programs. Users who provide assets in the smart contract will receive cashback rewards from all transactions made with the exchange engine.

Payment gateway

Qenetex combines all services into one solution and creates a payment gateway, based on an open smart contract with the Qenetex token (QEX), to help businesses. The token is used inside the ecosystem, creating liquidity for exchange and cashback and assisting the distribution of rewards between the users.

The payment gateway is designed to be quickly and easily integrated into any application, game, store, or marketplace to sell hosting, music, tickets, real estate, etc. Any business owner can easily create an account, take a small technical script, instantly integrate it, and sell goods or receive payments directly from buyers. At the same time, all cryptocurrencies can be exchanged for fiat using our ecosystem.

About the company

Qenetex is an innovative platform that is based on decentralization technology and designed to serve as a bridge between digital assets and financial services. It allows users to securely store their funds in the non-custodial wallets, easily exchange them with the help of the Exchange Search Engine, and save on commissions through in-build features.

At the moment, the Qenetex team is working on expanding the platform and creating the entire ecosystem of various services (including Buying/Selling feature, MultiTrade, Launchpool, aggregated DeFi and NFT services, and full banking functionality), united in one simple and intuitive interface.

Social Links:
Facebook: https://facebook.com/Qenetex
Twitter: https://twitter.com/Qenetex
Linkedin: https://linkedin.com/company/Qenetex/
Telegram: https://t.me/Qenetex
Medium: https://medium.com/@Qenetex

Media contacts:
Company: Qenetex
E-mail: [email protected]
Website: https://qenetex.com

SOURCE: Qenetex

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

TOKYO, Mar 11, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation (MHI-AC&R), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has newly developed a large-capacity brine refrigeration system adopting a nitrogen (N2) refrigerant having both zero ozone depletion potential (ODP)(1) and zero global warming potential (GWP)(2). The new system can accommodate even cryotemperature needs, placing it at the pinnacle of industry offerings(3). The Company has just delivered a unit of the new system to The Honjo Chemical Corporation (Neyagawa, Osaka), a manufacturer of organic chemicals and other products, and further sales in the domestic market will be pursued going forward.
The new system can refrigerate at ultra-low and cryo-temperatures (brine temperature: -45℃ to -100℃) through application of MHI-AC&R's proprietary (patented) air refrigeration cycle technology. The unit also features one of the industry's most compact sizes, enabling easy handling and transport. Its compression expansion machine incorporates MHI Group's accumulated high technologies in gas turbines. In addition to capturing the energy generated during air expansion cooling and using it as drive power, stable operation is achieved through the integration of high technologies such as energy-saving inverter control.

The new refrigeration system contributes significantly to curbing global warming through the adoption of N2, a natural refrigerant having zero environmental impact. In recent years, initiatives to prevent climate change have accelerated in momentum. In Japan, since April 2015, when the Act on Rational Use and Appropriate Management of Fluorocarbons(4) went into effect, the low-temperature refrigeration machine market has been called on to adopt low-GWP refrigerants. Internationally, in tandem with implementation of the Kigali Amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer in January 2019, along with revisions to the Vienna Convention for the Protection of the Ozone Layer, production of chlorofluorocarbon (CFC) substitutes and phased reduction in energy consumption have become mandatory.

Today, because there are few refrigerant options in the ultra-low-temperature refrigeration field, many refrigeration systems continue to use CFC refrigerants. However, demand for CFC-free refrigeration systems is steadily rising in order to mitigate impact on the environment. The refrigerant used in MHI-AC&R's new refrigeration system uses nitrogen, which accounts for approximately 78% of air content, so it is safe both to the environment and to humans. Use of a CFC-free refrigerant also eliminates the inspection procedures mandated under the Act on Rational Use and Appropriate Management of Fluorocarbons, and the new refrigerant is also exempt from the High Pressure Gas Safety Act which regulates the production of high-pressure gases and their consumption, etc. Another benefit is the adoption of magnetic bearings in the system's compression expansion machine, which eliminates the need for lubricating oil and enables a virtually unlimited service life, thereby helping to ease the user's maintenance and operating burdens.

(1) ODP is a coefficient expressing a refrigerant's ozone depletion potential compared to the previously widely used CFC-11 (trichlorofluoromethane), which is assigned a value of 1.0. The lower the ODP value, the smaller is the deleterious impact on the ozone layer.
(2) GWP is a coefficient expressing a refrigerant's global warming potential compared to CO2, which is assigned a value of 1.0. The lower the GWP, the higher is the refrigerant's environmental performance.
(3) Based on MHI-AC&R's in-house survey.
(4) The Act on Rational Use and Proper Management of Fluorocarbons is a totally revised update, carried out in April 2015, to the original Fluorocarbons Recovery and Destruction Law enacted in 2001. Under the revised legislation, commercial refrigeration condensing units and stationary refrigeration units with a refrigeration capacity exceeding 1.5 kilowatt (kW) (approx. 2HP) are required by 2025 to adopt refrigerants with a GWP below 1500 (CO2 =1).

Delivery Overview
Client and destination: The Honjo Chemical Corporation, Naoshima Organic Chemical Plant
(Naoshima-cho, Kagawa-gun, Kagawa Pref.)
Intended usage: Removal of heat of reaction produced during production of organic chemicals
Specification: Brine temperature -80degC (down to -100degC)

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation (MHI-AC&R), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has newly developed a large-capacity brine refrigeration system adopting a nitrogen (N2) refrigerant having both zero ozone depletion potential (ODP) and zero global warming potential (GWP).

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