Review on Power Ledger by francis fernandez
Power Ledger: Energy Trading Using Blockchain Technology
Power Ledger is a platform that allows the commercialization of energy through the use of a chain of blocks that facilitates the speed, scalability and security of transactions.
Power Ledger is a pioneering project in involving blockchain technology in all links of the energy production and supply chain; It can be used for peer-to-peer transfer, energy purchase-sale, energy source tracking, pricing, certificate validation and many operations that contribute to developing a decentralized energy market that operates at low cost.
How does the currency of this platform operate?
Power Ledger has two virtual tokens to ensure the synchronization of global trading operations. They are the POWR and Sparkz tokens that work in concert to allow energy trading to operate equally anywhere in the world.
The POWR token is used individually when an interested party wishes to enter the platform by paying a bonus in this digital asset. It is also used to trade the token on external networks.
The Sparkz token is a stablecoin that is used in the purchase and sale of energy in kWh on the Power Ledger network. Its value is linked to fiat money with an equivalent to the local FIAT currency and it is reconverted into the currency selected by the client once the energy transaction is executed.
What utilities does Power Ledger provide us?
In addition to the energy trading business, Power Ledger allows any user to obtain rewards for the sale of excess energy through the use of rooftop solar panels, transfer ownership of renewable assets and negotiate environmental raw materials.
Where to store Power Ledger tokens?
Power Ledger has its own hardware digital wallet that allows you to securely store crypto assets without the risk of electronic fraud.
What are the ways to access Power Ledger?
Power Ledger has versions for mobile devices, in addition to its platform hosted on its official website.
Pros
- Their website has a modern and attractive design with a complete and easily accessible menu.
- Allows for fast and safe worldwide energy transfer.
- It has a token linked to FIAT currency that allows transactions to be carried out without requiring exchanges.
- Their transactions are made with low cost of fees.
Cons
- There are no disadvantages in its use.
