What is POWR? - Powerledger explained

Описание: Powerledger (POWR) is a blockchain-based platform that provides a solution for energy trading and management. It aims to create a decentralized and transparent energy market by enabling peer-to-peer energy trading, which allows energy consumers to buy and sell energy directly with each other, rather than going through a centralized utility.



In simpler terms, Powerledger is a technology that allows individuals or businesses to buy and sell energy from each other without relying on traditional power companies. This means that homeowners with solar panels, for example, can sell their excess energy to their neighbors who need it, creating a more efficient and sustainable energy system.


The Powerledger platform operates on the Ethereum blockchain and utilizes smart contracts to automate energy trading and management. Smart contracts are self-executing contracts that allow for secure and transparent transactions without the need for intermediaries.


Powerledger's white paper outlines several key features of the platform. One of the most significant is its ability to facilitate energy trading in real-time. This means that energy transactions can be completed instantly, without the need for a middleman to process and verify the transaction.


Another important feature of Powerledger is its use of renewable energy certificates (RECs). RECs are a type of certificate that represents proof that a certain amount of energy was produced using renewable sources. Powerledger uses RECs to ensure that the energy being traded on its platform is coming from renewable sources, which helps to promote sustainability and reduce carbon emissions.
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