The Energy Web Chain is a public, enterprise-grade blockchain platform designed for the energy sector’s regulatory, operational, and market needs. Launched in mid-2019, it has become the industry’s leading choice as the foundational digital infrastructure on which to build and run blockchain-based decentralized applications (dApps).
The EW Chain is a public blockchain network open to all utilities, users, and devices. With a virtual machine identical to public Ethereum, developers can begin writing smart contracts and dApps with little to no additional learning curve. The enterprise-grade EW Chain boasts high scalability, low transaction costs, and lean energy consumption, thanks to its permissioned Proof-of-Authority consensus.
The Energy Web Chain is one of the only public blockchains among any industry worldwide whose validator nodes are run by known corporations, many of them some of the largest and most-respected energy companies globally.
As with most public blockchains, the EW Chain features a native first-layer utility token, the Energy Web Token (EWT). The token serves two main purposes: a) protect the network against misbehavior and b) compensate validators via transaction fees and block validation awards.
Users and application developers are not required to use EWT for their own applications beyond paying for transaction costs on the EW Chain. They can use cryptocurrencies or fiat currencies, as well as second-layer tokens native to their particular applications.
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The Energy Web is accelerating a low-carbon, customer-centric electricity system by unleashing the potential of blockchain and other decentralized technologies.
Proud to see #EnergyWeb and #EWT included in this list of names to watch in the ... #cryptocurrency market.
https://investorplace.com/2020/05/bitcoin-best-cryptocurrency-safer-blockchain-buys/
Our co-founding org @RockyMtnInst shares Four Stimulus Principles to Build Back ... a Global #LowCarbonEconomy post-Covid.
https://rmi.org/insight/global-stimulus-principles-the-economy-we-build-should-not-be-the-same-economy-we-decarbonize/
Important new details on our #EnergyWeb Innovation Challenge are now live at ... https://energyweb.org/challenge/ - learn how you can win an #EWT grant and help advance #blockchain and other decentralized tech solutions for the #cleanenergyfuture.
Are #utilities still looking past the #covidrecovery? The #digitaltransformation... of our electricity system is still very much ongoing and just as important (if not more) than it was before to ensure a more flexible, more reliable #lowcarbon grid. https://www.utilitydive.com/news/as-utilities-tackle-immediate-covid-19-impacts-analysts-stress-need-to-foc/577928/
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Energy Web is incorporated in Zug, Switzerland
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