Powerledger (POWR)

Powerledger (POWR) is a digital currency built on the Ethereum blockchain platform which enables users to trade renewable energy and other environmental commodities. Powerledger was founded by Australian software developers Dr Jemma Green and David Martin in May 2016, and is the world’s first two-way, peer-to-peer energy trading platform. What Makes Powerledger Unique? Powerledger offers its users the ability to trade a wide variety of renewable energy and other commodities, including solar power, wind energy, biodiesel, and hydrogen. The platform also enables users to track where their energy or commodity is being consumed or used. Additionally, Powerledger makes use of an innovative consensus algorithm constructed from the Ripple Protocol called ‘Proof of Provenance’. This algorithm helps the blockchain platform to accurately and securely track economic activity on the platform, ensuring fairness and transparency for all users. Where Is Powerledger Used? Powerledger is used by many leading renewable energy companies around the world. Powerledger’s ability to enable two-way peer-to-peer energy trading has made it a popular choice amongst renewable energy companies looking to reduce their reliance on traditional grid-based energy transmission. In addition to its strong presence in the renewables sector, Powerledger has also been adopted by hemp producers and other agricultural companies looking to provide a secure platform for trading commodities. Where to Buy/Sell Powerledger? Powerledger is available to purchase on several major cryptocurrency exchanges, including Binance, OKEx, and Huobi Global. The currency can also be bought directly from the Powerledger platform using a debit or credit card. POWR can also be purchased from some conventional cryptocurrency exchanges such as Coinbase and Gemini. Once purchased, Powerledger can then be sold for a variety of other digital currencies and fiat currencies.