Now in the whole world, there has been an economic shift caused by the latest technological innovations. Blasting technology unites millions of people from all over the world, rethinking how people interact personally and commercially. Climate change has become one of the hottest topics of the past half-century. There are several attempts to contribute to the protection of our planet, proposed by research institutes. The innovation of blocking technology has opened new opportunities in the movement of renewable energy sources, which until now were unknown. Every day, energy needs grow exponentially, and we need to have scalable energy production to meet these requirements. Energy is the driving force of the economy, playing an important supporting role in enabling the inclusion of other infrastructure components. This can not only attract industrial activities but also significantly improve the quality of life of people living in marginal areas.
How will blocking technology improve the energy sector?
The technology of the block library creates an unchangeable book through which everyone can track all transactions on the network. Important rules and rules are encoded in the basic protocol, and the network operates autonomously, rewarding people who check transactions that are otherwise called a secure network with tokens that can be exchanged for securities or the real world currency. Until now, renewable energy sources have been a stock of small-scale production. Individuals and corporations can generate electricity to meet their local needs, but they can not provide their surplus to others who may need electricity, but can not get out of the core network. The limitations of the current energy sector can be divided into two:
- The current supply of energy is short, especially in third world countries;
- Downtime due to maintenance and the vulnerability of centralized management, which means that they are not 100% reliable.
With the challenges of natural disasters, growth and global climate change, new approaches to the production and distribution of energy are needed. Decisions should guarantee vigorous and sustainable growth for all. The AI Grid Foundation can be a non-profit organization based primarily in Singapore. WHO advocates the use of decentralized renewable energy as a potential way to address the problematic centralized AC networks discussed above. Muse collaborated with world organizations and local communities in the development of the Eloncity model; a diverse solution that uses decentralized renewable energy sources to eradicate barriers to achieving a safe, healthy, vibrant and fair energy future.
Principle of operation
The technology of blocking can be used to create a reliable peer-to-peer energy market. Persons who are able to generate their energy through solar panels, wind power or any other renewable energy mode can be identified uniquely and in an unauthorized access method recorded on the block circuit. Through a common market, they can sell to other customers who need power. New devices controlled by direct current, eliminating the conversion of power from the process of generation and distribution of electricity.
Metrics for the sale of electricity are tightly linked to the blocking protocols, and smart contracts are used to facilitate transactions with trust management. Eloncity uses a unique model of an artificial intelligence algorithm to calculate the cost of electricity in real time. This provides a fair estimate of the energy provided by such factors as supply and demand, production costs, etc. Warehouse storage systems using Internet technologies Things are used to reduce demand and supply of electricity.
The barrier to entry is very low, and people need unique devices developed by Eloncity, known as Pomcube. This allows them to be part of the network. Soon enough they can start trading on the market. Users are not only motivated to be part of the green movement, but can also earn on the side with little intervention. Such a decentralized power system is something new, and Eloncity takes a step forward to improve the various initiatives of blockades that have ventured into this space.
What makes it so unique is that more and more people are being encouraged to be part of the network, and there is no limit to the amount of energy that one person can create. This empowers a little guy and takes away from corporations that charge very high commissions for the service they offer. Infinitely, this model is scalable, it is very easy to upgrade and scale the production of power, in contrast to the centralized control used.
Benefits
In the documents attached to the ICO campaign, Eloncity talks about millions of microelectrode stations (self-contained, independent, independent and equipped with a peak load response) connected to the network. But, I think, the ecosystem will become so big for a while. The decentralization of the energy infrastructure is a long process and, on the way to achieving the goal, the launch will have to attract existing suppliers of services and products in the renewable energy sector and, based on its successes, to prove the complete inadequacy of public services and, in general, a centralized system .
Eloncity already has the necessary technological base. Installations are collected and even sold - some California farms are equipped with them (reports on content owners can look on YouTube). Even destructive natural disasters can not "deplete" the infrastructure of Eloncity - the maximum to disable some of its sites. Startups talk about the mobility and adaptability of the network, as well as the possibility of rapid recovery. The Eloncity project is indeed practically devoid of weaknesses.
Conclusion
This project is an excellent indicator of how experienced developers are approaching the solution of problems associated with solving the issues of cheapening and reorganizing electricity. Everyone who joins this project will get a good profit in the future, as this project is very in demand and promising. I advise my readers to refer to the official website and read the technical document, it will be available on the links below. Thank you for your attention, invest only in profitable projects, until new meetings!
Official website: https://eloncity.io/
Twitter: https://twitter.com/Eloncity_io
Facebook: https://www.facebook.com/Eloncity-229599404279234/
Reddit: https://www.reddit.com/r/Eloncity/
Instagram: https://www.instagram.com/eloncity_io/
LinkedIn: https://www.linkedin.com/company/eloncity/
Telegram: https://t.me/Eloncity
Author: https://bitcointalk.org/index.php?action=profile;u=237301