Eloncity-free world energy

Hello dears! Today, I want to present the Eloncity project to my crypto-readers for review. The economy requires more energy, and the fossil fuel reserves on which traditional energy is based are being reduced. The increase in the cost of fossil fuels is also compounded by the fact that the huge use of hydrocarbons causes significant harm to the environment, which affects the quality of life of the population.

Green energy is energy that is produced from renewable sources. Renewable energy resources are obtained from natural sources – wind, sunlight, tides, rain, geothermal energy. These sources are renewable because they are replenished naturally. Large-scale development of green energy will mean a decrease in the share of centralized large-scale energy. For society, this will mean autonomy and independence from large energy companies, as well as improving the reliability of electricity supply. And in the power industry will require a revision of the concept of "base load "with the transition to the concept of"distributed load". This will mean a significant decentralization of electricity suppliers.

The project team hopes that Eloncity will be able to change the current state of Affairs and radically change the price of green energy storage systems and provide the world with green energy storage systems built on the basis of the Eloncity Protocol.

Green energy can be produced in a distributed manner. Not only large energy companies, but also individuals who are willing to sell it for their price .

The goal of the Eloncity project is to replace traditional energy systems with a grid infrastructure consisting of millions of self-supplied micro-networks to make renewable energy widely available, at any time . By applying blockchain technology in this project, energy prices will be more transparent. Anyone can use the technology Eloncity for free electricity. Energy problems in the world, these are global problems and this project is aimed at solving the current world problems with electricity. Eloncity technology will help to produce electricity almost free of charge, thus providing the world with affordable clean energy. Eloncity will create a trading block system that will be synchronized with the AI algorithm , comparing the state of distributed Internet of things (IoT) resources, and will use machine learning to determine the model of the community's electricity demand.

How does this project work?
To begin with, imagine clean energy storage equipment. Any person will be able to purchase storage equipment, moreover, users will be able to sell additional power in the busiest time, and even get a reward. For each megawatt of clean energy, the user can get 16 ect tokens, agree a great offer.
Thanks to smart contracts, trading within the platform will be transparent and secure. With intelligent system platform users Eloncity will be able at any moment to conclude a bargain. Thanks to innovative solutions, the platform will not have problems, as on centralized services, i.e. there will be no loads and the work will take place in an uninterrupted mode.

Micro-grid is a household connected to the power grid within a radius of one mile. Therefore, Eloncity will use AI and Oracle-produced computing (the Oracle data provider from the real world to the smart contract) to offer the recommended price of electricity. The price will take into account the price of centralized power supply and take into account the current conditions of the micro-grid (they will be different for each individual micro-grid).
Household battery for energy storage is power-wall. The so-called" green energy storage system", any micro-grid participant can buy it, and sell electricity for a profit-tokens. Bandwidth of the main blockchain: 5000+ TPS. But since the structure will be hierarchical-in fact there is no limit on bandwidth. You can scale the system endlessly!

Token: ECT

Project team:
Andy LiFounder is the technical and Executive Director of Pomcube and former technical Director of ChinaCache. Architect of many Internet backbone networks in Asia / USA as chief engineer.

Michael Nguyen is a Vice President of software management, with a 30-year career spanning several industries, from non-profit, advanced energy programs and policies in it research and development to international manufacturing and market development, has seventeen patents and four industry awards for technological innovation.

Justin Wang is a product Manager, lead architect of iCAN, NetZero, architect of modular data center.

Gregary Liu is a marketing Director, worked in the server system architecture for more than eleven years.

The conclusion
In conclusion, I want to say that the existing systems of energy production are becoming obsolete, undoubtedly the technological process is not in place and instead of the existing system , sooner or later a new one will come. This project solves global and important problems of mankind, free world energy, sounds hopeful. Road map of the project scheduled till the year 2022 , a long-term project , but necessary for all of us.