It's no secret that electricity is the main source of energy for the planet's population. It's hard to imagine an industry that would not be dependent on electricity. Despite the rapid development and achievements of modern technologies, as well as scientific progress, electricity generation still requires resources and requires modification of the process. Moreover, modern production processes do not meet the requirements of environmental standards. This industry needs new solutions. In view of the above factors, the idea of
creating a decentralized platform Eloncity.
According to its developers, the site is able to completely change the existing views on electric power generation. Moreover, Eloncity, according to the creators, thanks to constant access to the purchase of electricity, has every chance to become a full competitor for utilities. And thanks to the open system of charging, there is a chance to construct a loyal tariff rate, taking into account a lot of concomitant factors. In the future, this will solve the main problem of this industry - the high cost of the resource.
Idea of
the project
It's worth noting that Eloncity developers are not pioneers looking to solve current energy problems. But they are the first to use blockchairs technology for this. The essence of their idea is to decentralize the whole system to millions of smaller micro-networks that can supply electricity. This will provide everybody with the opportunity to have constant access to the purchase of electricity on favorable terms.
Priority task
Eloncity is to solve the current problem - improving the energy sector, making renewable energy readily available, regardless of the time of day and season. This will achieve a balance in demand for renewable sources, which has become a topical issue lately.
Governments in many countries are struggling to solve the problem of reducing fossil fuels and producing renewable energy. The tasks, which Eloncity developers are facing, that do not end up in problems of a certain region, but have a benefit for all civilization as a whole. The technology offered by Eloncity allows you to generate electricity without significant production costs, providing the population with an affordable and environmentally friendly, electricity.
If you outline the objectives of the project in several phrases, they consist in reducing the cost of local energy compared to electricity for networks. This will allow the use of efficient energy storage systems and reduce costs associated with local consumption. The Eloncity team intends to implement a block system for further synchronization with artificial intelligence (AI). This will allow you to observe the status of distributed resources (IoT) and implement machine learning to identify the level of demand for electricity by society.
For more engagement of the audience at Eloncity, the opportunity to encourage particularly active users is realized. For example, for one megawatts of pure energy, you can become the owner of 16 tokens. The control area has implemented a large number of scientific and technical methods to stimulate users from all corners of the planet to work on a united front. By the plan of the creators, people will be able to work together to develop renewable energy recovery methods for systems for its preservation and transformation.The platform will not only improve the individual trading system blocks, but also introduce a fair value determination algorithm. This will enable the community to establish a decentralized trading platform on the principle of a cluster system and attract resources to the competent authorities to reduce the number of arbitration arbitration disputes.Due to intellectual contracts, the terms of the concluded agreements within the framework of the platform will be as transparent and safe as possible for both parties. All agreements will be protected from interference by third parties. AI provides a rapid transfer of information about the cost of the resource, which will be the basis of mutually beneficial cooperation. To date, these systems are a unique product that eliminates peak loads. This will allow Eloncity users to enter into deals at a convenient time.
Developers implement high-tech solutions that guarantee the stability of the entire system. Due to this, the overload factor is eliminated, as well as preventing problems typical of centralized platforms. This is the uniqueness of Eloncity. Such a technique allows to count on the emergence of another source of renewable energy.
The users themselves receive the opportunity to receive a financial reward for the efforts made. Since the site interface is constructed in such a way that all parties to an agreement are equally interested in complying with the terms of the agreement, the risk of fraud is excluded.Trading algorithms, based on the technology blockade, guarantee the security of transactions, and the implemented AI is engaged in the search for optimal price proposals. In turn, the IOT compares the demand with the location of the energy produced, looking for the most profitable options.
Conclusion
In conclusion, we note that the idea behind Eloncity is quite interesting. The creators of the platform are trying to solve the actual problems of producing cheap and clean energy, making it accessible to all parts of the planet. From this point of view, the conjunction considers Eloncity as a long-term project. Realizing the intended will be very strong specialists, which it is quite possible to prove it has begun to the end. It is these projects that are capable of changing our future, since today's methods of producing electricity have long consumed themselves.
References
- Website: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000495
- Whitepaper: Final_Release.pdf
- Telegram: https://t.me/eloncity
- Twitter: https://twitter.com/Eloncity_io
- Facebook: https://www.facebook.com/Eloncity-229599404279234/
- ANN: https://bitcointalk.org/index.php?topic=4465922
- Krypital Bounty Group: https://t.me/KrypitalBounty
- Eloncity Group: https://t.me/Eloncity
- Krypital News: https://t.me/KrypitalNews
My unique id : http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000354