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This contains a breakdown of basic details about Energy Web, This includes details on
-Energy Web Chain
-Energy Web Token (utility and potential)
-Partnership & Recent @BlackRock Recognition
Energy Web is a decentralized, open-source platform for the development & deployment of clean energy technologies. It is designed to support transition to a more sustainable, low-carbon energy system by enabling the integration of distributed energy resources (DERs) into the grid.
One of it significant milestone is the Energy web Decentralized Operating System (EW-DOS) a stack of technologies designed to connect participants within the energy market to increase grid flexibility thereby allowing users to control and manage their electrical systems online.
Energy Web possesses the ability to facilitate the integration of renewable energy sources into the grid by enabling peer-to-peer (P2P) energy trading. This is one of the web3 project with an amazing tech/potential, real world usage & solution to a long standing energy issues.
Energy Web virtual machine operates under a proof-of-authority (PoA) consensus, the blockchain relies on trusted validators for the creation of new blocks, the #PoA consensus is an alternative validation method and it allows faster processing time though it’s less decentralized.
This has the capacity to process hundreds to thousands of transactions per second with an average block time of 5.1 seconds and over 100,000 active wallet addresses.
Energy Web Chain (EWC) makes it possible for individuals & organizations to buy & sell excess renewable energy directly, rather than relying on traditional energy utilities. This can help reduce the costs of renewable energy & make it more accessible to a wider range of users.
-Energy Web Token #EWT is the digital asset that is used as the native token of the chain.
EWT is used to secure the network and facilitate transactions (gas fee) within the ecosystem.
The Token can be purchased on Centralized Exchanges Like kraken kucoin Gate_io and on Decentralized Exchange like Uniswap.
EWT Can be stored on wallets like TrustWallet and Metamask
Also staking is live for the green pool. To do this head to greenpool.stake-ewt.io Connect MetaMask wallet, input an amount and stake.
*Unstaking can be done anytime.
-Improvements Energy Web will be introducing to the Energy sector
•Decentralization: Energy Web is a decentralized platform, which means it is not controlled by any single entity. This can promote competition & innovation in the energy market & reduce the risk of monopoly.
•Interoperability: Energy Web is designed to be interoperable with existing energy systems making it easier to integrate new technologies & resources into the grid.
•Flexibility: Energy Web’s flexibility will allowing support for a wide range of energy technologies & apps.
•Transparency: Energy Web uses blockchain technology which provides a transparent and auditable record of transactions, thereby increasing transparency, traceability & accountability in the energy market.
•Facilitates the implementation of peer-to-peer energy trading.
-Programs, Partners and Recognition
EW is actively working on various project one of which Community Electricity.
Another project is Digital Passport Identity for electric Vehicles in conjunction with EliaGroup and BMW a leading car manufacturer.
EW has over 100 partners a few of which are #Vodafone #Filecoin #Gnosis blockchaincap, dukeenergy, shell, totalenergies, siemens, Google, swisspower_CH.
•BlackRock world's biggest asset manager recognized the effort of @energywebx in its recent #BTC Private trust article.
Overall, Energy Web has the potential to revolutionize the energy sector by enabling the integration of DERs, improving Clean/renewable energy and implement peer-to-peer energy trading.