As cryptocurrencies allow people to bypass government-controlled financial institutions, they are gaining financial independence and opportunity. The only way to ensure that growth is realistic and manageable is to tailor it to a given firm. Allow me to present you to Ecowatt, a socially conscious next-generation renewable energy firm whose platform aims to build the world's first self-sustaining community-driven renewable energy owner/developer. EcoWatt is a decentralized marketplace for renewable energy assets that allows investors, communities, and individuals to participate in renewable energy projects. Tokeny's EcoWatt solution is an ERC20 compliant T-Rex token issued on the Polygon Network, which is built on top of the Ethereum blockchain.
Let’s Know Ethereum
Ethereum is a platform based on blockchain with its own currency, Ether (ETH), and its programming language, Solidity. Ethereum is a decentralized public ledger for validating and recording transactions as a blockchain network. Users of the network can create, publish, monetize, and use applications on the platform, and they can pay with Ether, the network's cryptocurrency. Insiders refer to the network's decentralized applications as "dapps." As of May 2021, Ethereum is only second in market value to Bitcoin as a cryptocurrency. Ethereum was intended to allow developers to design and publish smart contracts and distributed applications (dapps) without the danger of downtime, fraud, or third-party interference. "The world's programmable blockchain," according to Ethereum. It differs from Bitcoin because it is a programmable network that acts as a marketplace for financial services, games, and apps that can all be purchased using Ether money and are free of fraud, theft, and censorship.
What Is EcoWatt Token?
The EcoWatt ecosystem uses a native coin called EcoWatt. The core value of the EcoWatt Token is derived from physical revenue-generating renewable energy assets. The EcoWatt solution is a Tokeny-developed ERC20 compliant T-Rex token distributed on the Polygon Network.
Why Is EcoWatt An ERC20 Token?
Tokens that comply with ERC20 have three primary advantages that ensure that users get the best possible experience.
Speed: One of the benefits of ERC20 is its speed. Because ERC20 is based on the Ethereum blockchain, it has a fantastic processing time of 15 seconds on average for each trading request (average block time: 15s).
Security: In comparison to cryptocurrencies based on other technical blockchains, ERC20 provides a higher level of protection. While miners can carry out a 51 percent attack on small coins, ERC20 compliant tokens have a far more significant challenge because they must first break through the Ethereum network. A blockchain attack is referred to as a 51 percent attack. When a gang of miners controls more than half of the network's mining hashrate or computer power, the attackers can manipulate and even reverse transactions.
Compatibility and Usability: Before 2018, each currency used a different standard to create its tokens, making it more difficult for trading platforms to integrate new tokens into their crypto-wallet or system. ERC20 aims to alleviate this problem by reducing the time it takes to create new tokens and making them easier to decrypt. This is also why Ethereum and ERC20 are the most widely used platforms for ICO (Initial Coin Offering) initiatives.
Enthusiastic Team Of EcoWatt
Managing Director, Founder: Thomas Puskas
Building infrastructure and renewable energy projects for over 30 years. World Fairs in Vienna and Budapest, port and rail developments, wind, solar, and hydro power plants with a combined capacity of about 1200 MW.
Chief Executive & Co-Founder: Paul Flynn
15 years of experience in the development of renewable energy projects. During the UN General Assembly Meeting, he received a parliamentary citation and spoke on a panel about electrification in East Africa utilizing community power (2018)
Director Energy Projects: Dr Rolf Schiffer
I've spent 20 years as a thought leader, government assessor, and university instructor in the renewable energy and energy efficiency arena. I once turned down a professorship to complete a sustainable energy project in Africa.
As more people begin to use cryptocurrencies and appreciate the benefits of their presence, the market is growing. Cryptocurrency makes it easier for people to preserve their ownership by converting works of art into tokens that can be sold swiftly and securely on a decentralized exchange. EcoWatt is here to serve as a platform that allows users to trade safely, swiftly, and at cheap fees, owing to a user-friendly and intuitive interface enabled by Ethereum. Finally, EcoWatt is a platform that is constantly expanding and evolving. So, what do you have to lose? Don't miss out on this opportunity.
Read More Here:
➡️Website: https://ecowatt.io/
➡️Telegram: https://t.me/ecowatt
➡️Facebook: https://www.facebook.com/EcoWatt-110305757909105
➡️Twitter: https://twitter.com/Ecowatt_
Creator:
➡️Bitcointalk Username: Crypto rev Thing
➡️Profile Link: https://bitcointalk.org/index.php?action=profile;u=2371318
➡️Wallet: 0xd0AFBF17983996b055Dc3fF84B342Fad0C4698C4