ELONCITY CLEAN ENERGY WITH BLOCKCHAIN
Introduction
Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency?To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
Power generation is a leading cause of air pollution and the single largest source of U.S. global warming emissions. Coal is the worst offender, a dirty energy source that produces less than half our electricity but nearly 80 percent of all power plant carbon emissions.
The good news is that coal is on the decline. Many old and inefficient coal plants are closing down and essentially no new coal plants are being built in the U.S., a trend that is driving the largest transformation of the U.S. electricity system in half a century.
The energy choices we make during this pivotal moment will have huge consequences for our health, our climate, and our economy for decades to come.
Right now we are moving toward a natural gas-dominated electricity system, but an over-reliance on natural gas has significant risks and is not a long-term solution to our energy needs. Like coal, it is a fossil fuel that generates substantial global warming emissions, and has other health, environmental, and economic risks.
There's a better, cleaner way to meet our energy needs. Renewable energy resources like wind and solar power generate electricity with little or no pollution and global warming emissions—and could reliably and affordably provide up to 40 percent of U.S. electricity by 2030, and 80 percent by 2050.
To create a cleaner, safer, and healthier energy future, it's time to choose renewables first.
PRESENTATION
The coordination of electricity production in alternating current (AC) form and its delivery through the complex T&D network are managed by regional system operators or independent system operators (ISO). The ISOs not only need to balance the electricity production and consumption in real time, but also must ensure the electricity produced remotely is transported to customer sites without running into congestions on the vast T&D network. While the current electric power grids are amongst the most complex engineering system ever constructed by humanity, this centralized power grid design is starting to show its age. Today’s centralized power grids face significant challenges in providing safe, reliable, secure, and affordable energy services. Below are examples of just a few of the vexing challenges the existing centralized power grids faced.
We need smart energy solutions that provide reliable and affordable electricity, contribute to a strong economy, and do not compromise our health or our climate. No single energy technology can accomplish all of this.
The answer lies instead in a diverse energy strategy that offers the greatest potential to move the country toward a clean, sustainable energy future.
Blockchain is inextricably linked to clean energy. Blockchain can help solve the current deadlock that the government encounters when promoting clean energy. To some extent, using blockchain technology and the token economy is the only way to promote the broad use of clean energy. Unfortunately, many blockchain energy projects simply cannot solve the sore points of the market at a fundamental level. Those projects are just putting old content in a new packaging, and are trying to reinvent the wheel.
This is where the Eloncity has come forward to solve this problem. Eloncity is a decentralized energy infrastructure to millions of self-sufficient micro-energy systems. The price of energy becomes transparent to all. People will be able to use Eloncity technology to make electricity virtually free and affordable around the world. In a nutshell One of the objectives of the project is to reduce the cost of local electricity than the price of electricity for the network in order to use market efficiency to increase the use of energy storage systems and reduce costs for local electricity consumption.
Thus, Eloncity will create a trading block system that will be synchronized with the AI algorithm, comparing the state of the distributed Internet resources of things (IoT), and will use machine learning to determine the model of the demand for the electricity of the community.
The Eloncity Model builds upon four key factors:
• A Blockchain platform that provides an open, secured energy transactions in the community.The blockchain platform also enables the Eloncity community to establish an auditable record for tracking the sources of electricity generation within the community, that is GHG-free or non-fossil-fuel based.
• An intelligent networked battery energy storage system (BESS) deployed on the customer premises to harmonize local electricity supply-demand.
• Customer-sited or community-based renewable generations, such as solar PVs coupled with intelligent networked BESS, that can fulfill all or nearly all the local energy demands.
• A community DC power network that uses the renewable DC power more efficiently by minimizing the losses from repeated AC-DC-AC conversion.
Community-driven planning and implementation will the enduring success of the community’s transition into the sustainable, regenerative energy future. Due to the fact that the community and their children must live with this energy future, it is imperative that the community has active participatory roles in defining and creating this new energy future.
It is critical in mobilizing private market capital to fuel wide-scale adoption of decentralized renewable energy. The Foundation will collaborate with financial partners, government agencies, and other key stakeholders to establish revolving loan funds. The revolving loan fund’s goal is to contribute to the upfront capital expenditure necessary for initiating the project in communities that lack access to such funding. The performance-based projects will demonstrate their merits by producing real and meaningful energy bill savings for the community members while generating the required return-of-investment to pay back the startup loans.
Eloncity decided to open a full range of scientific and technical methods to encourage manufacturers from all over the world to work together to develop and produce solar energy for distributed energy storage systems, the same energy storage system, conversion equipment and energy conversion. They will also expand the system and blocks of the trading system and open it to calculate fair prices. The community will be able to build an independent trading system based on the cluster system and use Amnesty International to reduce customs arbitration cases.
Final word
Eloncity stands with many years of experience in the field of engineering and technology research. Today, Andy Lee and his company intend to restructure the modern multibillion-dollar world energy system using blocking technology. . The founder is the technical director in ChinaCache and a computer researcher in Alibaba Cloud. so that people in the future can use environmentally friendly and cheap sources of electricity. It will focus on mass market transformation to proliferate the Eloncity Model to all targeted global markets. More detailed information will be provided in the upcoming Eloncity Whitepaper and the Eloncity website.
Maybe just this, the reviews I made in terms of helping and telling everyone to, participate in the ICO or Bounty campaign they run today.
If there is any shortage in this review information, please forgive me for your inconvenience in reading or searching for Information, but do not worry I have provided a link you can visit, to find out more about the ELLONCITY project, and surely you will get reliable Information from the team as well as the Founder of the ELLONCITY project.
All information in great detail you can find on the website of the project ELLONCITY There are also links to all social networks of the project, through which you can receive in detail and in time news and observe the process of development and establishment of the platform.
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Author:salsa24
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