What Is Energyweb.org? (EWT) Complete Guide Review About Energyweb.org

What Is Energyweb.org? (EWT) Complete Guide Review About Energyweb.org

What Is Energyweb.org?

Energyweb.org (EW) launched in early 2017. they were co-founded by globally respected energy think-and-do tank Rocky Mountain Institute (RMI) and noted blockchain developer Grid Singularity (GSy), along with a cohort of 10 founding Affiliates. RMI and GSy—who today both contribute members to the board of directors (i.e., Foundation Council)—saw blockchain’s promise in the energy sector. EW was born to make that promise a reality.

During the first months of EW, the tested leveraged public Ethereum’s Kogan network, but by November 2017, they had launched Tobalaba, the EW-built dedicated testnet. It was a time of intense energy-sector interest in blockchain technology. Between Q2 2017 and Q1 2018, the industry invested some $322 million in energy blockchain startups. By early February, the own community had grown to 37 Affiliates, and by summer 2018, they had named the founding CEO.

Then, as the energy sector began exploring blockchain technology as a serious opportunity rather than novel curiosity or possible disruptor, the pace accelerated. By March 2019, they had incredibly passed the 100-Affiliate milestone. Meanwhile, Affiliates and other partners have wasted no time adopting the Energy Web, launching proofs of concept, MVPs, and other solutions on Volta, the second-generation tested, including in cooperation with PJM-EIS, SP Group, Chile’s CNE, Iberdrola, Action, Elia, Stein, and others.

Energyweb Coin Token (EWT) is the operational token behind the Energy Web Chain, a blockchain-based virtual machine designed to support and further application development for the energy sector. Energy Web Chain was launched in June 2019. The Energy Web Foundation is the non-profit enterprise behind the project. EWT aims to bring diversity to the energy sector by allowing developers to create decentralized applications (DApps). The virtual machine has the potential to benefit actors from all areas of energetics, including grid operators, software developers, and vendors.

Energyweb.org Storage Key Points

Coin BasicInformation
Coin NameEnergyweb.org
Short NameEWT
Circulating Supply30,062,138 EWT
Total Supply48,638,535
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Features

Energy Markets

Energyweb.org In 2017, the world generated more than 9,000 TWh of low-carbon electricity. In 2019, a record 75% of new generating capacity was renewable. Yet there’s much room for improvement in renewable energy markets, including those for renewable energy certificates (RECs) in North America, guarantees of origin (GOs) in Europe, the International REC Standard (I-REC) elsewhere around the world, and emerging models.

Demand Flexibility

By 2030, customer investment in distributed energy resources (DERs) is expected to increase tenfold to over $2 trillion, nearly three times greater than today’s global utility investment in generation, transmission, and distribution assets. That number doesn’t even include global smart meter deployments, whose market penetration is forecast to reach 59% by 2028, up from 41% (780 million) today.

Grid operators—including vertically integrated utilities, distribution system operators (DSOs), and transmission system operators (TSOs)—will need to scale processes for asset registration, pre-qualification, dispatch, and settlement for these millions (and eventually, billions) of DERs, including rooftop solar, storage, building controls, smart appliances, and electric vehicles.

Technology

Energyweb Coin the Energy Web Decentralized Operating System (EW-DOS) is an open-source stack of decentralized software and standards—including the Energy Web Chain, middleware services, and software development toolkits (SDKs). EW-DOS is the grid’s new digital DNA, a shared technology running on a decentralized network maintained by some of the world’s most-respected energy companies.

The Ecosystem

Welcome to the world’s largest energy blockchain ecosystem. The Energy Web has become the industry’s leading blockchain partner for utilities, grid operators, renewable energy developers, corporate energy buyers, and others.

Token (EWT)

Energyweb.org EW-DOS features a native utility token, the Energy Web Token (EWT). The token protects the network against misbehavior, compensates validators via transaction fees and block awards, and can be used to pay for services that streamline and enhance dApps.

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