What is Energy Web Token? A Quick Overview of Energy Web Token | Crypto Currency Energy Web Token
The Energy Web Token is the native cryptocurrency of the Energy Web Chain, that is an open-source platform for energy sector to develop a more traceable, democratized, and decarbonized energy system.
Who created Energy Web Token (EWT)?
The Energy Web Foundation (EWF), a non-profit organization that built and developed the Energy Web, was founded in 2017 by Rocky Mountain Institute, Grid Singularity, along with ten other affiliates.
What is Energy Web Chain?
The Energy Web Chain is a public, enterprise-grade blockchain platform that is launched in mid-2019, and it has become the industry`s leading choice as the foundational digital infrastructure on which to build and run blockchain-based decentralized applications (dApps).
What is Energy Web Token
The EW Chain features a native utility token, the Energy Web Token (EWT). The token protects the network against misbehavior, compensates validators via transaction fees and block validation awards, and can be used to pay for middleware services that streamline and enhance dApps.
What is the future of Energy Web Token EWT?
The Energy Web Chain can be good fit for the businesses within the industry that are looking to launch custom applications on its blockchain.
There are various projects that have already been built on the EWT platform one of them is Zero, a collection of marketplaces to find and source renewable energy, and Switchboard, an identity and access management tool.
References
- https://energyweb.org/
- https://coinmarketcap.com/currencies/energy-web-token/
- https://www.energyweb.org/technology/token/
- https://www.coingecko.com/en/coins/energy-web-token
Energy Web Token (EWT) Logo
