The technologies are taking over the world. Due to the advancement of the current world, the technologies are making lives easier to live in. The advancements are getting over all the ideas regarding the things and the greatest of the invention was using virtual currency. The virtual currency is also known as cryptocurrency and it works through the blockchain network system. This system does not enable any bank notes, which leads to a hassle free transaction process throughout the world. A number of blockchain networks have been established to serve the users components of cryptocurrency. Some of them are imposing newer strategies to attract users from every sector. One of the blockchain network Eloncity is working out hard to establish the system making it more user-friendly and prone to everyone.
What is Eloncity
Eloncity is the name of the blockchain network providing the organization with a motto that says, “Power the world virtually for free”. The infrastructure of the site determines the decentralization of the infrastructure for millions of self-sufficient microgrids. This produces energy directly for the competitive utilities with the availability of 24/7. It introduces the open technologies of Eloncity so that people can use this to make the electricity free from electrifying the world with clean energy. Even the website is quite innovative and the home page contains a view of a city with a clean energy that portraits an image of a nifty city.
Eloncity Idea
Eloncity blockchain network has situated with an idea or purpose in providing a high-level of technical overview from the Eloncity Model that engraves the decentralized renewable energy of the projects. It works through an assumption so that the reader will have some basic understandings for the cloud computing, energy industry, decentralized applications, blockchain, and policy. Also, the list of resources will provide the process to develop a foundational understanding of the blockchain technology in crypto utility token.
The ELONCITY project applying plan is divided into 3 main stages:
• The AI Foundation is a non money-making foundation that was made by the founder of ELONCITY and dealt with the power issue before the plan was applied. Power stages ecosystems, which makes battery-based storage ecosystems, was also designed.
• Over the next eighteen to twenty four months, the AI foundation will work with the state, learning institutions and scientific and GOVT bodies to scale ELONCITY model into, NA (North America) and Asia.
• The AI foundation will focus on the transferring of the ELONCITY model mass marketplace to each target markets in the universe.
The Block-chain is truly essential for the plan, consumers and producers of the power are suggested to be divided into micro grids. Any such group will have its own individual block-chain ledger (the issue of deal speed is solved by grouping and making of the personal block). The complete dealing systems will be applied via the block system via the algorithm of supply and demand structure and seasonality accounting.
The plan has previously started working and has an MVP. The ELONCITY was applied in the USA and successfully launched in the town in Mexico; a standalone micro grid was developed. The major partner of the ELONCITY project is the KRYPITAL Group.
The founder of the plan is Andy Li, Andy graduated from the UNI if Columbia. He worked as the principle at Cisco systems for over a decade and as an infrastructure planning in Ali Baba cloud computing firm for more than two years. There he was truly linked in renewable power task.
Proposed Features of Eloncity
Eloncity blockchain network is working with a motto to power the cryptocurrency system by making sure that no charges are imposed. Therefore, it has imposed some important features that gear up the system. Such as:
Blockchain-based Trade System: This feature works with the help of algorithms from Artificial Intelligence. The trade system produces positive energy in trading it transparent while the algorithms find a fair market price in the real-time as a reference.
Smart Energy Storage Systems: The energy storage systems maintain a balance with the IoT technologies for the demand and supplies of locally produced renewable energy.
DC Power Bus: This feature includes switching the newly last-mile network to help in removing the peak load permanently.
Direct Current Appliances: It helps the new appliances to drive directly by DC eliminating the recurring power conversion system. This will ultimately progress the competitiveness of nearby produced renewable energy.
Proof of Stored Power (PoSp): This feature determines a unique mining scheme to create a financial property for ESS investment.
The Eloncity Model is standing by the support of a community for decentralized energy resources. All the related information of the blockchain network has an aim to fulfill the purposes. Eloncity might need to impose some enhancements or some assured modification to the products, architecture, and design. The entire model will be enough to serve the users a clean technology for a better and saucy city where the system will run without any complexity.
Website: https://eloncity.io/
Twitter: https://twitter.com/Eloncity_io
Facebook: https://www.facebook.com/Eloncity-229599404279234/
Telegram: https://t.me/Eloncity
Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews
My unique identification link: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000444
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1024739