Understanding Energy Web Token (EWT)
Energy Web Token (EWT) is the native cryptocurrency of the Energy Web ecosystem, a pioneering initiative aimed at transforming the global electricity system. Through the use of blockchain and decentralised technologies, Energy Web is dedicated to creating a low-carbon, customer-centric energy framework.
The Energy Web Ecosystem
Energy Web is focused on developing core infrastructure and shared technologies that enhance the integration of commercial solutions within the energy sector. The goal is to foster community adoption and streamline processes in the energy market.
Decentralised Operating System (EW-DOS)
A central component of the Energy Web ecosystem is the Decentralised Operating System (EW-DOS). This public, open-source technology stack has been developed to meet the business and technical demands of the global energy community. By providing a robust infrastructure, EW-DOS enables various market participants to collaborate more efficiently and leverage innovative solutions.
Future Outlook
Looking ahead, Energy Web envisions a rapid shift in customer investment towards renewable energy sources and distributed energy resources (DERs). By 2030, the team anticipates this investment will surpass traditional utility expenditure in generation, transmission, and distribution. Such a shift underscores the importance of integrating modern technologies and customer-centric approaches into the energy landscape.
Mission to Transition to Low-Carbon Energy
Energy Web is committed to accelerating the global transition to a low-carbon future. By leveraging blockchain technology and decentralised solutions, the organisation is positioning itself as a key player in moving away from fossil fuel dependency. Their mission aligns with global efforts to promote sustainability and combat climate change.
Key Features of Energy Web Token (EWT)
- Decentralisation: EWT operates on a decentralised network, empowering users and fostering community governance.
- Renewable Integration: The token facilitates the integration of renewable energy sources into existing energy systems.
- Open-source technology: EW-DOS is an open-source platform promoting collaboration among developers and energy market participants.
Official Resources and Further Reading
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