What Is Energy Web Token (EWT)?
The Energy Web Token (EWT) is the operation token behind Energy Web Chain, a blockchain-based virtual machine designed to further application development for the energy sector. Energy Web Chain was launched in June 2019. The Energy Web Foundation is the non-profit enterprise behind the project. EWT aims to bring diversity to the energy sector by allowing developers to create decentralized applications (DApps). The virtual machine has the potential to benefit actors from all areas of energetics, including grid operators, software developers, and vendors.
History
The Rocky Mountain Institute (RMI) is a leading name in research and development in the energy field. As a prominent think tank, the Rocky Mountain Institute has been involved in numerous revolutionary energy-related projects. By creating the Energy Web Chain, RMI wanted to employ blockchain technology's decentralized power to allow actors from the energy sector to develop new decentralized solutions. Grid Singularity (GSy) brought blockchain expertise to the project. As a blockchain developer, GSy was the powerhouse behind the creation of the Energy Web Chain. With renowned experts, core Ethereum blockchain developers, experienced energy executives, and energy regulators, GSy was an integral part for EWT to launch. Features
When creating the Energy Web Chain, founders RMI and GSy were looking to launch a versatile blockchain solution for a wide range of applications in the energy sector. One of the main selling points of EWT is that it offers enterprises the opportunity to create completely customized decentralized apps. While blockchains like Ethereum also provide this diversity, Energy Web Chain was purposefully designed for the energy sector. Considering the fact that the Energy Web Chain is created with enterprise use in mind, it supports state-of-the-art scalability and data privacy. The foundation also recently released a stacked tech solution called Energy Web Decentralized Operating System (EW-DOS). It allows users to control and manage their electrical systems online.
Wallet
Energy Web tokens are now available on a wide variety of exchanges as the tokens gain in popularity. KuCoin is the top-rated exchange for Energy Web tokens, with $ 383,098 in EWT / USD trade volume. The second most popular exchange is Liquid, which has a trading volume of $173,637. And lastly, Hotbit is also becoming more popular, with a trading volume of $65,375.