Review on Energy Web Token by Ogulnar Annamuhammedova

Hello my dear friends and brothers!



Energy Web is a digital infrastructure and ecosystem for the energy markets.



EW focuses on building core infrastructure and shared technologies, accelerating commercial solutions, and building a community of professionals.



In the 2019, EW launched Energy Web Chain, the world's first open source enterprise blockchain platform adapted for the energy sector. EW's technology roadmap has since expanded to include the Energy Web Decentralized Operating System (EW-DOS), a suite of decentralized blockchain plus solutions.



EW has also grown the world's largest energy blockchain ecosystem, which includes utilities, network operators, renewable energy developers, corporate energy buyers and others. Energy Web has become the leading blockchain industry partner and the most respected authority on energy blockchain.



The Energy Web Decentralized Operating System (EW-DOS) is a stack of open source decentralized software and standards including the Energy Web Chain and various software development kits (SDKs).



EW-DOS is the new digital DNA of the web, a shared technology running on a decentralized web that is backed by some of the world's most respected energy companies.

EWT is not an ERC20 token. However, the EWT Bridged Token (EWTB) has been developed, which is an ERC20 token that can be minted across a bridge, offering a method for quickly and economically transferring EWT from the Energy Web Chain to the Ethereum mainnet.

The EWT token serves two main purposes:



The first is to protect the network from foul play, and the second is to compensate the validators for block verification rewards and transaction fees.



Currently, only energy companies that meet the high EWF standards can become validators in the network. EWF executives have acknowledged that this is a fairly standard utility for utility tokens, but they plan to increase the usefulness of EWT in the future.



The utility of the token can also be extended by developers using EW Chain. Developers are free to use fiat or other cryptocurrencies for their projects, but are required to pay transaction fees on EW Chain.



EW Chain calculates its transaction fees based on the computational effort used to execute transactions and users are required to pay transaction fees using EWT. The transaction fees on EW Chain will be the same as on the main Ethereum network.