With a mission to make energy green and affordable, we present our first ever public blockchain, Powerledger Chain. Our energy-efficient third-generation blockchain facilitates the development of highly scalable decentralised apps to handle thousands of transactions per second at a low cost.
Build innovative decentralised apps for a sustainable energy future.
As any followers of Powerledger will know, blockchain and its associated cryptocurrency POWR are important cornerstones in our conception of the decentralised grid. As Powerledger has grown, its ambitions have expanded too; from proving it can work in principle, to getting ready to work at scale. That is why we have evolved our blockchain to incorporate the next generation blockchain technology. One of these changes is to use a blockchain that can handle a much higher throughput of transactions, and this is why we have migrated to a Solana-based blockchain.
- Global Market Insights Inc.
Powerledger sees blockchain as something akin to barcodes in supermarkets. Barcodes and scanners don’t define what a supermarket is, but they allow supermarkets to operate at high volumes and low margins. Powerledger's public blockchain allows to build and scale energy projects across the globe, processing 50,000+ transactions per second. This scalable technology is fast, transparent and secure. Powerledger's blockchain technology facilitates secure trading and mitigates settlement risk, whilst also providing an immutable and verifiable audit trail.
As Powerledger continues to scale-up, we have built a blockchain that consumes less energy. The Powerledger Energy Blockchain is a customised open Solana blockchain. The Solana design is both faster and less energy intensive than the existing proof-of-work blockchains, as it utilises Proof-of-History and Proof-of-Stake (PoS) consensus mechanisms. Solana’s PoS design means that Validators need to be invited by Powerledger and only those accepted by Powerledger can participate. We also consider the provenance of energy used by each Validator, including the renewable energy sources.
Staking is now available on our Powerledger Energy Blockchain. It is linked to our existing POWR (ERC-20) token which will remain on Ethereum mainnet, with both the stake and the rewards, convertible and payable in existing POWR tokens.
John Bulich
Technical Director & Co-founder • Powerledger
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