Powerledger overview

The Power Ledger platform

Power Ledger operates on a dual-layer blockchain system that integrates two primary components: the Power Ledger Core and the Power Ledger Application Host.

Power Ledger Core

The Power Ledger Core is the foundational layer of the platform. It utilizes blockchain technology to manage and secure energy transactions. This layer is responsible for recording and validating transactions in a decentralized manner, ensuring transparency and immutability of data.

Power Ledger Application Host

The Power Ledger Application Host layer facilitates the deployment and operation of various applications within the Power Ledger ecosystem. These applications are designed to cater to diverse energy market needs, such as peer-to-peer energy trading, electric vehicle charging, and carbon credit trading. By supporting multiple applications, Power Ledger provides a versatile framework for energy market participants.

Key features of Power Ledger

Power Ledger's platform offers several innovative features that set it apart in the energy sector:

Peer-to-peer energy trading

One of Power Ledger's core functionalities is enabling peer-to-peer energy trading. This feature allows consumers to buy and sell excess renewable energy directly with one another. By bypassing traditional energy retailers, participants can achieve cost savings and support local energy generation.

Renewable energy certificate (REC) trading

Power Ledger facilitates the trading of renewable energy certificates, which are issued to producers of clean energy. This mechanism helps promote the adoption of renewable energy by providing financial incentives to producers. By using blockchain technology, Power Ledger ensures the integrity and traceability of REC transactions.

Electric vehicle integration

The Power Ledger platform supports the integration of electric vehicles (EVs) into the energy market. By allowing EV owners to trade energy with other participants, Power Ledger promotes the use of clean energy in transportation. This feature also enables the optimization of energy distribution by utilizing EVs as mobile energy storage units.

Microgrid management

Power Ledger enables efficient management of microgrids, which are localized energy networks that can operate independently or in conjunction with the main grid. By facilitating microgrid operations, Power Ledger helps communities achieve energy independence and resilience.

Power Ledger's token economy

Power Ledger employs a dual-token system to manage its operations and incentivize network participants. The two tokens used in the ecosystem are POWR and Sparkz.

POWR token

The POWR token is the primary utility token of the Power Ledger platform. It is used to access and operate applications within the ecosystem. POWR tokens are required for users to participate in energy trading and other platform services. Additionally, POWR tokens are used as collateral to generate Sparkz tokens.

Sparkz token

Sparkz tokens are used as the transactional currency within the Power Ledger ecosystem. They represent a stable value equivalent to local currency, facilitating seamless energy transactions. Sparkz tokens are created by locking POWR tokens and are used for day-to-day trading and settlements on the platform.