Review on Pylon Network by JB CRYPTO
open market for green energy trading
Due to the increase in the existence of cryptographic mining platforms and the consequences generated by the high energy consumption that their maintenance implies; The need has arisen to seek more environmentally friendly power generation services.
This has given rise to the emergence of the Pylon Network. This is an infrastructure based on blockchain technology that promotes the exchange of green electricity services in a reliable way.
Pylon Network promotes the creation of an open market where suppliers and consumers of this energy source converge to carry out a non-custodial exchange, through the use of the platform's native cryptocurrency.
What aspects can we highlight from this energy trading ecosystem?
Operates between equals; that is, it creates a peer to peer network for the exchange of ecological energy
It allows to acquire the energy source at less cost and without loss of time
Offers secure and transparent trading operations due to the use of the blockchain
Timely processing of payments for energy consumption
It drives the exponential growth of the green energy industry
Promotes the creation of an equitable reward system
Eliminate the risks of fraud by establishing contracts between consumers and producers with total transparency and security
Promotes the decentralization of energy exchange markets
The production and consumption of energy that is environmentally friendly by itself is an initiative that is highly regarded by society; if to this we add the advantages offered by the use of blockchain technology in the trade of this resource; We can recognize that the Pylon Network represents a valuable ecosystem for everyone involved.
Pros
- Non-custodial trade for green electricity exchange
- Creates an open network without intermediaries of suppliers and consumers of green electricity
- Open source cryptographic protocol for developers and the general public
- Offers transparent trading operations thanks to the use of the distributed ledger
- Speed in the processing of payments for electricity services
Cons
- Currently presents some phases of the project under development
