Powerledger: Green Cryptocurrencies for the environment

After the article dedicated to NEAR Protocol, I continue my review of the Green Cryptocurrencies. Today I’m talking about Powerledger (POWR), a technology company that builds software for distributed and decentralised energy markets for a sustainable future.

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Solana’s PoS design means that Validators need to be invited by Powerledger and only those accepted by Powerledger can participate, also considering the provenance of energy used by each Validator, including the renewable energy sources. Powerledger uses two tokens, the Powerledger (POWR) and Sparkz tokens. The POWR token will serve as the fuel of the Power Ledger Ecosystem. POWR tokens help to facilitate low cost and better returns on electricity. The existing POWR (ERC-20) token will remain on Ethereum mainnet, with both the stake and the rewards, convertible and payable in existing POWR tokens. To synchronize the Ecosystem globally and create cross-market electricity compatibility, a second token, Sparkz, is used for Ecosystem transactions. Sparkz tokens are priced, issued, and redeemed in the local currency of the Platform Participant. Purchasing a sufficient amount of POWR tokens allows Application Hosts access to the Ecosystem from where they can convert their POWR tokens to Sparkz and on-board their customer base. To read the Whitepaper, click here.


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Powerledger was founded in 2016 and is headquartered in Perth, Western Australia. The leading personality of the company is the co-founder & Executive Chairman Jemma Green, dedicated to creating a viable market for renewable energy that empowers consumers.

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ABOUT THE AUTHOR


Alberto Vischio

CRYPTO_ALBERT   

EDITOR-IN-CHIEF OF NEW COIN POST AND CRYPTOCURRENCIES ADDICTED SINCE 2018. I HELP PEOPLE TO UNDERSTAND BETTER THIS SECTOR AND ITS PURPOSES.