Powerledger Launches Public Blockchain
The Powerledger Chain aims to create answers to the problems associated with grid integration of renewable energy sources.
The third generation blockchain from the company, which was one of the forerunners of the technology in the energy sector, is called the Powerledger Chain. It is made to make it easier to create scalable, decentralized apps that can efficiently manage thousands of transactions per second.
In contrast to proof-of-work blockchains, the Powerledger Chain is a customized permissioned Solana blockchain that uses proof-of-history and proof-of-stake consensus processes to offer the necessary throughput with less energy.
Powerledger has created a number of solutions in the fields of flexibility trading, environmental commodities training, and energy trading and traceability.
(With inputs from Shikha Singh)
You need to login in order to Like
