Power LedgerPower Ledger POWR news

Energy trading platform that allows for decentralized selling and buying of renewable energy
Price, 24h
0.1275 USD / 0.00001591
-1.67% / -1.67%
Volume, 24h
3,657,948 USD
51,621,429 / 0.02%
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What Is Power Ledger Network?  Introduction to POWR and Sparkz Tokens

What Is Power Ledger? Power Ledger (POWR) is a dual-layer blockchain-based, peer-to-peer energy platform that lets users buy and sell electricity. The Australian platform uses dual-chain architecture, with one layer residing on Ethereum and using POWR ERC-20 tokens and the other using the Ecochain platform and using Sparkz. Each is exchanged through an Ethereum smart contract that tracks energy generation and payments. Electricity is one of the most valuable resources we have, and cryptocurrency especially relies on it. Analysts estimate another 123 GW of solar photovoltaic energy generation will be added to the global grid in 2019. Yet solar power isn’t as easy to manage as people think – during peak hours in a sunny state like California, solar power actually needs to be bottlenecked to avoid overloading the grid. And homeowners are being told that they use all the power they generate, selling the overages to the electric company. But that’s not how it actually works. In most municipalities, solar power generation more closely resembles sharecropping, where all power is sold to the electric company at a rate it determines, and the individual’s power is sold back to them at a rate it determines. The differences in these wholesale and retail rates (along with tax issues in states where electric companies successfully lobbied against solar) make it an expensive proposition. Being able to sell electricity to each other seems like the perfect solution, and companies like Kansai Electric Power Company and Sharing Energy are on board with Power Ledger having the answer. Co-founders Dr. Jemma Green, David Martin, and John Bullich built a strong team with roots in Harvard, Bitfury, and the venture capital world. Does it have what it takes to truly change the world through blockchain and cryptocurrency technologies? Let’s start our exploration of the Power Ledger Network by reviewing POWR and Sparkz, the native cryptocurrency tokens it uses. POWR and Sparkz Cryptocurrency Summary The Power Ledger Token (POWR) Ethereum-based ERC-20 utility token with a circulating supply of 396,195,754 out of a total supply of 1,000,000,000 POWR, as of February 6, 2018. The peak price of POWR so far occurred on January 4, 2018, at $1.79. Power Ledger held both an ICO presale to accredited investors and an ICO token crowdsale to the public. By October 6, 2017, 350,000,000 POWR was distributed, raising a total of $34 million (AUD) worth of ETH. The remaining 650,000,000 POWR was retained by the Foundation to pay future development costs and distributions to early investors. The Power Ledger team also received an $8 million (AUD) grant from the Australian Government to assist in further development costs. POWR is accepted on a variety of cryptocurrency exchanges, including LATOKEN, UPbit, Binance, Bithumb, Bittrex, Digifinex, ABCC, and Huobi Global. Over $1.2 million worth of POWR is traded on a daily basis, with trading pairs including ETH, KRW, BTC, and BNB. As an ERC-20 token, POWR can be stored in any ERC20-compatible wallet, including MyEtherWallet, Trust Wallet, and hardware wallets from Archos, Trezor, and Ledger. Power Ledger also uses Sparkz, which is an Ecochain stablecoin token tethered to the value of the local currency in which it’s purchased. In the U.S., one Sparkz equates to $1USD, etc. Sparkz are used as the on-chain currency to purchase electricity through the Power Ledger network. Sparkz has no supply limit and is generated by exchanging fiat currency. It’s then destroyed upon redemption. Sparkz is only redeemable within the Power Ledger Ecosystem. While neither Sparkz nor POWR is technically “mined,” it is generated through elecricity usage. DApp hosts trade POWR for Sparkz using a smart contract on the Ethereum blockchain. This locks the POWR in escrow until the required Sparkz have been received, i.e., the electrical power. The Power Ledger Lightning Round The Power Ledger network uses this economy to power a variety of electricity-trading marketplaces. In xGrid, for example, P2P trading occurs across the electrical grid, say, from house to house. With uGrid, this trading occurs between the mater electric meter for the property. The team even built Power Port and C6/C6+, which help track electric vehicle usage and carbon credits and certifications. Each avenue the team opens provides new ways for consumers and businesses to connect to each other, with less need for the centralized authority of the electric company. Solar being over-generated in places like California and Australia during peak generation can be distributed in a more efficient manner. Solar energy is widely lauded as a sustainable, long-term solution to the world’s energy crisis, no matter what the current White House administration thinks. And Australia is one of the leading nations in pushing for more solar-friendly regulation. It’s no wonder partners like Tech Mahindra in India, Clean Energy Blockchain Network in North America, Kansai Electric Power Co in Japan, Vector Ltd in New Zealand, and BCPG Apartment Microgrid in Thailand are joining over a dozen Australian organizations backing this blockchain. When combined with blockchains like VeChain (VET/THOR) and Internet of Services Token (IOST), blockchain is clearly being built into our infrastructure in exciting new ways. Summary Power Ledger is a dual-chain, dual-layer platform that enables a decentralized, peer-to-peer energy-trading marketplace. It uses two coins to create smart contracts to let anyone sell their excess electricity either on- or off-grid. The success of the project hinges on these key factors. POWR is the ERC-20 utility token used to grant access to the Power Ledger Network. Sparkz is the Ecochain stablecoin token used as currency to purchase energy through and Ethereum smart contract. Power Ledger is an Australian-based project with backing from the Australian government. It also expanded its partnerships throughout the Asian Pacific region and North America. Power Ledger supports electric vehicles, solar power, wind power, and a variety of sustainable methods of electricity generation. With these pieces in place, it’s no wonder Power Ledger isn’t already a top 10 cryptocurrency. It has all the necessary ingredients for success. The only thing that seems to be holding it back may be the legacy electric and utility company lobbyists. The author is invested in digital assets, including Ethereum which is mentioned in this article. Join the conversation on Telegram and Twitter!     The post What Is Power Ledger Network?  Introduction to POWR and Sparkz Tokens appeared first on Crypto Briefing.

Power Ledger’s Blockchain Economist: Cryptocurrency is a $278 Trillion Dollar Opportunity

Anya Nova, a blockchain economist based at Power ledger, weighed in on cryptocurrencies and tokenization, stating that cryptocurrency has the capability to transform societies through tokenization of $278 trillion in assets. Breaking it down in a recent Medium Post, Anya explained: “So will security tokens democratize finance and lift millions out of poverty? No, at least not right away. But will they transform how we live? Absolutely. Why? Because there is just so much to tokenize: $217 trillion dollars in real estate, $55 trillion dollars in equities, $6 trillion dollars in gold.” Evolution Of Cryptocurrencies To drive her point home, Anya Nova gave a story about her life in Russia, saying she actually experienced hyperinflation throughout her early age and could see that fiat currency was always a resource that can be controlled by governments and ‘occasionally mismanaged.’ Comparing those days to today, Nova could tell the difference in prices of basic commodities, explaining that during the 90s she could buy a loaf of bread for only 60 cents, but now it goes for a much as $3.40. Since then, Nova wonders why bitcoin isn’t taken seriously, with some claiming that cryptocurrencies have a slim chance of replacing fiat currency. According to Nova, cryptocurrencies are fascinating because they touch on important aspects of people’s lives. However, the reason insurgence of security tokens is being witnessed today is because government bodies such as the SEC are cracking down on all project that has failed to comply with fundraising regulations that exist. As per Nova, a token that complies fully with fundraising regulations isn’t any better compared to one that hasn’t. According to her, as these regulations have a lot of problems, right from how disclosure statements function to how the sophistication level of an investor is determined. The Rise Of Security Tokens Nova recounted her experience in the crypto world, saying that she has seen the evolution of cryptocurrencies since the time of bitcoin and then the ICOs, and now security tokens. However, she raised a question on whether it’s possible for security tokens to democratize the financial system in the world and get people out of poverty. According to her, security tokens can’t achieve this, but they will help transform how the masses live.
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Power Ledger to Use Blockchain to Track Renewable Energy with Japan’s Sharing Energy Company

A blockchain enabled platform used for the peer to peer marketplace within the renewable energy sector, the carbon markets and the energy asset financing referred to as the Power Ledger has just announced a partnership they have gotten into. A partnership that has been established to drive proper renewable energy trading to take place in Japan together with the Sharing Energy Co. This is a company that has been considered to be a leading provider when it comes to the provision and installation of solar energy. More On The Partnership The Power Ledger, a blockchain powered platform initially will be able to allow the Sharing Energy to track the renewable energy consumption easily. This will be from 100 pre-identified Sharing customers who are spread across Kyushu, Kansai, and Chubu regions. The project has been estimated to grow to about 100 rooftops to about 55,000 rooftops; this is by the end of 2020. And from this, they are planning to sell to the consumers within the market but through the interested third parties or they could use the option of following the Sharing procurement of the retail license. According to Dr. Jemma Green, who is the Chairman and the co-founder of the Power Ledger, they are really proud of the work that has been done so far in Japan, together with the strides they have taken in ensuring they are able to decentralize the use of energy across the world. It is especially so from the increased efforts form the different leading companies within the market, the likes of Sharing Energy that has taken the necessary steps in embracing the new era in the use of renewable energy. The partnership proves to be an exciting example of how the blockchain technology is able to make visions a reality; this is in the implementation of scalable and renewable energy solutions for their partners and the communities that are spread across the globe. Power Ledger Has Some Exciting Projects The program running from November 2012 for the proposed cuts to the Japan feed-in tariff, also referred to as the FiT, which was developed to incentivize the development of the renewable energy, has lead most of the businesses and power companies to embrace this type of energy innovation together with the renewed interest that is in the renewable energy initiatives. It is important to note the Power Ledger has started working with one of the biggest electricity retailers that are privately owned in the country, the Kansai-Electric-Power Company, in the development of a Virtual Power Plant model. This model will be able to help Japan address some of their key challenges with the excess solar generations. Together with accordance with the Paris Climate Goals, Japan has committed itself to increase the renewables and in turn, reduce the carbon emissions to about 26%, this is by the year 2030. How It Is Expected To Work For the deployment to effectively take place, the Power Ledger will need to provide a real-time usage data to the Sharing company, and on November the Sharing company will be able to use the peer to peer platform that has been established by the Power Ledger. With the platform, it will be able to facilitate fair trading to take place between the buyer and the sellers in the market with the use of real-time data that will be gathered from the existing smart meters. From this point it will go ahead and verify the scalability and the feasibility that is present for the P2P energy trading within Japan, and from here it will be able to allow the Sharing Energy company to efficiently conduct the needed research on the energy transitions that take place through the Power Ledger platform that has been blockchain powered. Thus, this will allow the Sharing company to effectively utilize the clean and renewable energy within their social systems. The project they have gotten into with Sharing has just come off the heels of the other global partnerships that are involving the P2P trading.
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Power Ledger Partners with Japan’s Renewable Green Energy Giant, Sharing Energy, to Collect Energy Consumption Data

On Wednesday, Power Ledger, a blockchain based energy company located in Australia announced on Medium a partnership with Share Energy, a Japan-based solar energy company. The partnership aims to push the application of Power Ledger’s blockchain technology to help Share Energy collect data from their renewable energy users such as the number and consumption of energy. The project is still in the test net period with 100 Share Energy customers from Kansai, Chubu and Kyushu regions set for the testing. The company targets to move from installing 100 homes with the system to over 55,000 homes across the world by 2020. The company has focused its partnerships in Asia in the past months with a special focus on reducing carbon emissions across the continent while promoting renewable sources of energy. Power Ledger nodes are spread across Australia, Asia and North America (Image: Power Ledger) Speaking on the partnership between the two energy companies, Dr. Jemma Green, Chairman, and co-founder of Power Ledger appreciated Share Energy for their efforts in promoting clean energy in Japan. Furthermore, Jenna said Power Ledger was committed to democratizing energy across the globe using blockchain technology. Sharing Energy will start using Power’s decentralized peer-to-peer blockchain to trade electricity across the regions mentioned above through smart meters. Notwithstanding Power will collect data on the trading process between Japanese citizens and offer Sharing Energy a platform to conduct research on renewable energy. The smart meters will be connected to Power Ledger’s blockchain allowing the seamless transfer of data in real time. The President of Sharing Energy, Emiko Koga was delighted at the partnership with Power Ledger as they continue to find better sources of renewable energy. The partnership will positively impact Japan’s energy sector as the country continues to formulate new and efficient methods to buy and sell energy to its citizens. Power Ledger has had a successful year after being the first blockchain company in Australia raising an ICO totaling $27 million USD. The company’s goal is to provide clean, affordable and renewable sources of energy to its customers. The blockchain created by Power Ledger collects the data of energy use and allow developers to create dApps which can be monetized. By creating an automated trading market for energy products, Power Ledger expects to improve the lives of all their customers no matter where they live.
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Power Ledger Blockchain Firm Signs Deal with Japanese Green Energy Supplier

Power Ledger Blockchain Firm Signs Deal with Japanese Green Energy Supplier Western Australian blockchain startup Power Ledger will partner with Japanese renewable energy firm Sharing Energy. The deal will see he solar panel provider team utilise Power Ledger’s distributed ledger to track consumption of clean energy. The initial pilot will focus on just 100 customers of the… The post Power Ledger Blockchain Firm Signs Deal with Japanese Green Energy Supplier appeared first on Altcoin Today.
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Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Coinspeaker Mike Novogratz: Facebook’s GlobalCoin Won’t Rival BitcoinMajor Bitcoin bull and former Wall Street exec Mike Novogratz recently discussed the current state of the cryptocurrency industry. The Galaxy Digital CEO explained why he thinks the crypto winter is finally over and why ‘Facebook Coin’ won’t rival Bitcoin.During his interview, Novogratz reminded that everyone had their own version of Bitcoin and the supply exponentially grew. Bitcoin, he thinks, had really established itself as a store value. He said:“This is hard to do because there is just one more stored value of this kind. It’s gold. It is hard to be worth something just because it’s worth something. Almost everything else is different. For example, Uber shares are worth something because people are using it. What Bitcoin has done is a unique thing.”He also referred to Bitcoin’s intrinsic value saying:“You can take all the gold in history that has been mined and put it in three Olympic swimming pools and it’s worth $8,5 trillions. Why? Because it sits in the vaults.”Novogratz went to mention that retailers are buying Bitcoin but also the institutions are moving in. There are Yale, Harvard and Stanford endowments.Microsoft Wanting to Link with Bitcoin Blockchain is a Big ThingThe CEO claims the original Bitcoin boom witnessed around 2016-2017 was influenced by the retail-driven investments by around 98%. This means more companies were buying cryptocurrency at a time when it looked like the future of finance. The recent developments in the crypto world are also affected by ‘credentialing’ according to the CEO especially with the recent move by Microsoft in the industry.“Also, there is Microsoft, one of the biggest companies in the world that says they want to do identify solution by linking it to the Bitcoin blockchain. Now this is big.”Microsoft recently announced their initiation of an identity solution to add to the Bitcoin blockchain. As more investments crowd Bitcoin, its value soars higher as witnessed in the recent spike. Microsoft is not the only big organization enabling the ‘credentialization’ of Bitcoin. Not long ago, Facebook lifted all the bans it had imposed on cryptocurrency and any blockchain-related advertisements.He also mentioned Facebook coin saying that it is really important for the ecosystem.“Crypto is going to be part of Facebook’s future. However, this coin will be listed to some stable currency and will be used for payyments. Bitcoin on the other hand is not going to be the payment currency – it will be stored vault, just like gold. If you really think bitcoin is gonna win this store of value, everything else needs to be used for something.”GlobalCoin Isn’t a Threat to BitcoinAs we’ve already wrote, Facebook’s GlobalCoin will probably be established as a stablecoin, pegged to the dollar or local currencies in the countries that will be allowed to use it. It is also likely to run on a private, centralized blockchain, owned and controlled by the company. Based on this fact, it can not be perceived as a direct competition to Bitcoin or other peer to peer decentralized digital currencies.Other coins that piqued Novogratz’s interest include Ethereum and EOS. These projects have to encourage developers to build on top of their platforms. Just few days ago he was comparing various cryptocurrencies with chemical elements in the periodic table. He then considered the role of altcoins, hinting that each coin will have “to prove themselves out” in order to provide a certain use case.On this note, Novogratz argued out that “there’s no one building anything on the Litecoin blockchain,” as opposed to the Ethereum blockchain.Recently, Novogratz made yet another Bitcoin prediction, claiming that the major cryptocurrency will beat its all-time-high record of $20,000 within the next 18 months.Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Binance Exchange soon To Roll Margin Trading Service For the First Time

An official blog released by Binance exchange confirms the launch of Margin trading service. However, earlier on May 24, 2019, Binance tweeted two screenshots, seeking user’s suggestion on which layout would they be preferred, a white background one and the black background. It was first noticed on Binance’s Twitter handle when a tweet was posted with two different colors included with the tab of Margin. Nonetheless, it was to create the buzz of its upcoming feature but according to TechCrunch, it has already been tested among a few users. As the testing has already been undergone, it is worth to predict that the margin trading option will go live anytime soon. By usage, Margin trading is an option that enables traders to boost up their buying power by using their balances as collateral. However, it wasn’t available at Binance exchange even the binance itself as the largest exchange as well as  the margin trading option carries potential profit margin. It is the first of its kind of Binance to launch margin trading service whereas the other trading platforms including BitMex, Huobi Pro, Poloniex, Coinbaes’s GDAX and Kraken are already serving this service to their customers. Also Read – Binance’s BNB Token Jumps 12% to Hit $34 Following Margin Trade Interface Tease At the moment, Binance is the second largest cryptocurrency exchange in terms of adjusted volume of the last 24 hours. It presently counts the volume of $2,088,850,554. Nonetheless, its native token, Binance Coin (BNB) is soaring a new peak of $33.87 against US Dollar. According to data provided by Coinmarketcap (CMC), BNB is surging with 6.42 percent over the past 24 hours and presently valuing the average trading volume of $4,781,168,385. Image source – Coinmarketcap What’s your take on BNB’s soaring value.? Do you think it will jump higher citing margin trading option by Binance exchange.? Let us know in the comment below Image source – Techcrunch The post Binance Exchange soon To Roll Margin Trading Service For the First Time appeared first on Coingape.

Is Facebook Launching its GlobalCoin Cryptocurrency Next Year? BBC Says Yes

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries. Here’s everything we know. Facebook’s GlobalCoin Hitting the Market Soon? According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant, according to the BBC ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Facebook’s GlobalCoin Allegedly to be introduced in 2020

The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics According to a report by the BBC, Facebook has serious plans introduce its own crypto currency. The facebook coin, internally referred to as ‘GlobalCoin’ will be introduced in multiple countries in the first quarter of 2020, after extensive testing at the end of this year. The new stablecoin which has been rumored about for a […] The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics
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