Powerledger (POWR)
Last updated 10/10/2022
Official Website: https://www.powerledger.io/
What is Powerledger (POWR)?
For the sake of a sustainable future, a digital business by the name of Powerledger (POWR) develops software for distributed and decentralized energy markets. It has developed a trading platform based on blockchain technology that enables the tracking and trading of commodities relating to the environment, flexibility services, and energy. Its goal is to act as the framework for a completely modern, market-based grid that offers consumers a selection of energy while fostering the democratization of power. Powerledger, an Australian business with offices throughout the world, with more than 30 clients in 11 different countries. Powerledger, which operates on two distinct blockchain layers, uses the Powerledger (POWR) and Sparkz coins. Two blockchains are used by the network itself: the closed EcoChainTM consortium blockchain and the open Ethereum blockchain.
The Powerledger network is accessible to businesses including utilities, managers of renewable energy sources, microgrids, companies dedicated to using exclusively renewable energy sources, and real estate developers through the usage of the POWR token, an ERC-20 token. POWR is traded on the Ethereum Smart Bond exchange. In 2015, 30 countries had achieved grid parity, meaning that the price of solar energy was either equal to or less expensive than the price of local retail electricity. Energy solutions from Powerledger are more cost-effective and sustainable than traditional energy options. It accomplishes this by fusing blockchain technology with renewable energy.
Powerledger provides a variety of products, including uGrid, xGrid, TraceX, Vision, Power Purchase Agreements (PPA), Mode Flex, and Local Energy Market (LEM). The blockchain-based platform can be expanded and contracted on an individual basis as needed. The merchandise is divided by three substantial pillars. Trading in products with an environmental, flexible, and energy-tracking focus. Energy trading and energy tracing. The usage of track and trade capabilities allows you to keep tabs on the source and flow of energy. Peer-to-peer (P2P) trade can be made possible, and users can manage their energy consumption. P2P solar energy trading can handle additional solar electricity in the grid without the need for subsidies.
Trading while being flexible. The owners of distributed energy resources (DERs) and flexible loads can monetize their assets by providing grid services through a marketplace dubbed MODE, or the Marketplace for Optimisation of Distributed Energy. trading in goods related to the environment. Technology is being used to increase the efficiency, security, and transparency of trade in environmental commodities like carbon credits and renewable energy certificates.
Powerledger's Proof-of-Stake Energy Blockchain enables Powerledger to expand and develop energy projects all over the world with the capacity to carry out 50,000+ energy transactions per second. Stake your POWR to participate in transactions utilizing sustainable energy sources and to receive rewards while helping to secure Powerledger's Energy Blockchain.
Using Powerledger, owners of renewable energy assets can decide to whom to sell their energy and for what price. Trades are conducted across a controlled distribution network that provides a reliable source of income. Users can safeguard their POWR by using a hardware wallet. POWR is an ERC20 token that is supported by all wallets that accept Ethereum.
Team
Dr. Jemma Green and John Bulich co-founded Powerledger (POWR) in 2016.
Powerledger's executive chairperson is Dr. Jemma Green. Dr. Green spent ten years working in corporate finance in the UK before returning to Perth to pursue a PhD in energy market disruption at Curtin University, which she finished in 2017. This work proved to be the ideal lead-in to the creation of Powerledger.
The technical director at Powerledger is John Bulich. He co-founded Ledger Assets and served as a director before co-founding Powerledger. He was also a director at WA Property Investments.
Roadmap
In order to increase speed and scalability, Powerledger declared in 2021 that it would move the platform from Ethereum to Solana. This is an expected move given that the Ethereum blockchain has experienced high gas fees and sluggish transaction rates as a result of network overload.
Although Solana is reputed to have a lesser energy production, the POWR tokens will continue to exist on the Ethereum network and be used by current users.
The blockchain business made further plans and alliances, such as one with BHP Chile for a project to bring electricity to isolated areas in Chile. Additionally, it has agreements in place to introduce the platform to Asia and offer a means of microgrid transaction settlement.
Since Powerledger's achievement might radically disrupt the energy sector by enabling local communities to sell their excess energy and distribute it to their neighbors directly without the use of middlemen, all eyes are on the company and its ambitious goals.
Where to store Powerledger (POWR)
Powerledger (POWR) are built on the Ethereum network and can be stored in any wallet compatible with Ethereum-based ERC-20 tokens. Options to keep your Powerledger (POWR) secure and offline can therefore include the leading hardware wallet providers Ledger and Trezor. All ERC-20 tokens including Powerledger (POWR) can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.
An alternative wallet provider for Powerledger (POWR) token holders can be Trust Wallet – a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Popular among traders and gamers, the beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.
Similarly, a user-friendly option to keep your $POWR secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting your MetaMask wallet.
Where to buy and sell Powerledger (POWR)
You can Buy & Sell Powerledger (POWR) by heading over to the Buy Coins page of our website. Powerledger (POWR) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $POWR has never been easier, simply place your order and provide your wallet address. Once your payment arrives Powerledger (POWR) will be sent directly to your wallet.
If you choose to Sell Powerledger (POWR) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Powerledger (POWR) Resources
Website: https://www.powerledger.io/
Block Explorer: https://etherscan.io/
Twitter: https://twitter.com/powerledger_io
Medium: https://medium.com/power-ledger
Disclaimer: The information provided in this article is intended for informational purposes only. It is the reader's responsibility to complete their own research and due diligence.