Review on Energo by Jorge Hernández
energy trading without custody
Energy is one of the most used resources in the modern world today; for this reason its consumption is an unstoppable growth factor. With this in mind, many markets and platforms have been developed that promote their commercialization in a decentralized way.
ENERGO is a cryptographic platform, whose purpose is to create an open and non-custodial market for energy traffic in a safe and efficient way.
In this sense, ENERGO manages to create a trade network that links energy suppliers with those who demand this resource; to enable energy efficient operations due to peer to peer communication of its members.
In this way; all the actors linked to the energy trade satisfy their requirements both for supply and consumption.
Regarding its infrastructure; ENERGO takes the powerful Ethereum network to host its TLS cryptocurrency, which is the driving force behind its energy transactions.
ENERGO's governance system operates in a semi-centralized manner; so that the network does not have total autonomy because its decisions are subject to external control, unlike other governments that are totally without custody or intermediaries.
This condition may not be entirely favorable for your ecosystem; since it is one of the characteristics that many users of electronic commerce observe.
However, the rest of the positive properties that this platform offers to promote the efficient exchange of energy transactions should be considered.
Pros
- It is a direct communication network between equal servers
- Create a non-custodial trade for energy exchange
- Links producers with energy consumers safely within the same network
- Allows efficiency between energy transactions
Cons
- The currency is only active in just 3 markets
- It is subject to exchange rate volatility
- It is not a decentralized protocol
