What is Powerledger?
Power Ledger (POWR) is a technology that allows consumers to purchase solar panels to sell excess electricity to their neighbors. This way, people can decide to whom and at what price to sell solar power through the local electric grid. Blockchain technology ensures a transparent sale between producer and consumer thanks to POWR. The software's own cryptocurrency is easily managed through an app and registry. This is all due to the fact that it is provided by the same company. This software also measures and allocates the energy consumption of customers.The marketplace is based on a two-token ecosystem running on two layers of blockchain: POWR and Sparkz. POWR tokens allow consumers and hosts to provide energy to interact with the ecosystem and are protected by Smart Bond technology. POWR tokens can be converted into Sparkz tokens, which can be used for seamless transactions in the energy exchange marketplace.
POWR is a digital asset that cannot be mined, unlike many cryptocurrencies. The Power Ledger asset is not found in so-called mining pools. Users must first make an investment before purchasing the solar panels. All this so that you can then convert the energy into real money thanks to your cryptocurrency.