The blockchain networking system Eloncity will decentralize the infrastructure for millions of self-sufficient microgrids by the production of local energy by the availability of directly competitive utilities 24/7 making it transparent to all. People can use it for open technologies making the electricity virtually free to electrify the world with clean energy. The utility of tokens will also facilitate the energy exchange which will incentivize the investment for the ECTP compliant to BESS rewarding the BESS operator for ECT to store the newly harvested renewable energy.
ECTP Operations
The algorithms and rules will specify the ECTP for the Elonciy microgrid operation. This will also implement the protocol of need through the software and hardware to conform to the specification of ECTP. ECTP is compliant to the microgrid by the operation consisting of few elements. Such as:
The ECTP has the core of energy in exchange for the platform based in high-performance to the blockchain network. The blockchain network of Eloncity will have an enhanced Ethereum blockchain technology optimizing the high-volume and high-speed transaction system.
The system is also influenced by a highly performing consensus for Delegated Proof of Stake as this mechanism is processing the energy transaction system. It is influenced by the validation of the selected community to ensure the security and integrity of transactions. This will include the execution of smart energy through the contracts and these support more than 10,000 transactions through the Eloncity blockchain. This will transact 1.8 per second for millions o concurrent energy by the exchange of three minutes of intervals.
It has a versatile and optimized smart contract into the platform supporting the energy in exchange to the contracts among the community members as it will compute through the real-time equilibrium for the energy prices for a given location. This will conduct the agreement for the energy in exchange for the Eloncity microgrid.
The mechanism of mining in awarding the ECT tokens for the consumers using the ECTP compliant to BESS. It will have the emphasis the storing process to the newly harvested renewable energy. The function of mining will be written for the long-run smarter business contracts which are compatible with the CyberMiles for the virtual machines.
It will support the layer for supporting the applications to Universal Open Chain Access Protocol-based in the blockchain platform for the cryptocurrency components like Bitcoin or Ethereum. It is the application for this universal interference so that the layers will facilitate the eco-rich applications for the Eloncity blockchain.
ECTP Specification
It is the smart contracts based energy in exchange to the price equilibrium for developing per ECTP specification for building the hardware components of Eloncity microgrids. This will enable the automated energy exchange for these components. The foremost hardware devices will support the ECTP through the POMCube NetZero as it stays behind-the-meter based BESS. The NetZero will provide the buffering system in storing excessive renewable electricity producing the customer premise.
This system has the ability to make an autonomous energy in exchange for the decisions based on the built-in Artificial Intelligence algorithms analyzing the customer energy demand profile. Even the demand parameters are machine learned for the observance of the owner’s home energy to use it over time. This will start functioning the Nest thermostat similar to the previous one.
As we as a whole know at present we are getting Electricity through incorporated AC control frameworks or we say control networks. The greater part of the nations have a national power lattice with is provided by a ton of ordinary and inexhaustible power age plants and devoured by clients of various limits through a dissemination arrange. So the task Eloncity idea or "Eloncity show" which is talked about in this whitepaper was completely made to give a far superior power framework staying away from every one of the issues and disservices of current unified power frameworks.
The idea they are presenting is " Eloncity Decentralized Energy Architecture" So this section of the Eloncity whitepaper thoroughly depicts this Eloncity model and all its specialized highlights. Furthermore, after that section here comes the most vital piece of this report: " Eloncity Technology Building Block Integration" , this theme was talked about under after subtopics in the whitepaper.Those are Operation of ECTP,Management of Power stream in control system,Hierarchical chain of intensity systems,Optimising nearby power streams - Distribution level of the Grid,Dubus and adjusting power stream in the neighborhood stage,EV charging,Controlling Demand and Supply,BLSP - Operations of baseload specialist organization and Internal associations with brought together lattice.
The open global marketplace will facilitate the communities around the world accessing advanced renewable energy products. Eloncity will build the blocks integrating with the technology.
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