Forward Thinking Cryptocurrency.
KWHCoin is a forward thinking cryptocurrency with several differences, the primary standpoint being that it is based upon renewable energy sources. The energy converted into a KWHCoin, or token, comes from production sources that are one hundred percent renewable.
This is an exciting leap forward for the world in a time of continued pressure from climate change bodies. Rising oil costs and diminishing supply are effectively going to force not only fuel prices higher and higher, but also increase the cost of other products with an oil element to them. By doing their best to ensure their energy comes from a renewable, sustainable source, consumers are helping to reverse years of damage to the atmosphere and planet.
The KWHCoin cryptocurrency is based off of a blockchain platform, a global shared infrastructure usable for the movement of property and finance. Blockchain platforms are decentralized and secure, effectively a digital ledge book that records the transactions made in KWHCoin or another cryptocurrency.
Sustainable Development Strategies
As well as having its roots in ethical energy supply, KWHCoin is working hard to ensure underdeveloped countries have access to a renewable energy network, powering areas that have often spent years without a reliable power grid to supply them from. A portion of their funds goes directly toward the development of off-grid energy technologies within these countries to enable this technological advancement into a clean age of energy production.
Being based on a peer-to-peer system not only enables more competition within the renewable energy market and allows for the wider access to renewable energy sources, but encourages customers to buy and sell between one another aiding in the decentralization of energy providers.
By enabling billions of people around the world to have access to not only reliable energy, but energy that also comes from environmentally sustainable sources, the cryptocurrency will promote an increase in business opportunities for new companies able to access a wider market than ever before thereby boosting employment and training.
Ethical and Environmental.
A key area of concern for many people is where their energy comes from. A combination of increased awareness of the impact non-renewable products are having on the environment, alongside the ethics and fair pricing structure of the energy provider. KWHCoin allows consumers to overcome the problem faced when the centralization of utilities makes it hard for them to find a renewable source provider.
KWHCoin prides itself on bringing people together on a fair and equal standing. The directors of the company are largely taking payment, (for the initial period at least), in KWHCoin, reducing the amount of money dispersed on wages and enabling further improvement and developments of their service.
The Future of Cryptocurrency
With theories highlighting how a delivered kilowatt of energy can be a more stable means of backing currencies, KWHCoin has yet another advantage over other cryptocurrencies.
While many cryptocurrencies target the more developed world, KWHCoin is one of, if not the only cryptocurrency aimed at mutual global development to enable a universal standing for consumers.
With many experts claiming cryptocurrency could be the investment of a lifetime for millennials and seventy six percent of those millennials claiming to have more concerns over the environment than their parents' generation, KWHCoin has a solid foothold with several unique factors to its name in the world of cryptocurrency.
Sources and references
https://www.thebalance.com/oil-price-forecast-3306219
https://www.npr.org/templates/story/story.php?storyId=16211938
http://www.msnbc.com/morning-joe/millennials-environment-climate-change