Energy Web Token update: EWT Live price, price chart, news and markets

The EWT price update as of now is $0.6865. In the previous 24 hours, its trading volume was $265,270, and its value has decreased by -2.15%. As of now, EWT's live market cap is $57,420,958, and it is ranked as the #409 on the Coincu. EWT has a circulating supply of 83,263,553 and a maximum supply of 83,263,553.

The Significance of Energy Web Token

Energy Web Token (EWT) is a non-profit organization that is globally recognized for its advocacy of a low-carbon system that relies on blockchain technology and other decentralized solutions.

EWT primarily focuses on building core infrastructure and shared technologies. In 2019, they launched the Energy Web Chain, which is the first open-source blockchain platform designed specifically for the energy sector.

Solving Energy-Related Challenges with Energy Web Token

The development of the Energy Web Token platform was driven by the need to address energy-related challenges in the cryptocurrency industry. Currently, most energy upgrades require expensive and intricate physical infrastructure improvements.

Minimizing Energy Waste

Existing independent energy infrastructures are highly inefficient, resulting in the wastage of surplus energy instead of effectively redistributing or selling it to areas that require more energy. Energy Web Token aims to tackle this issue by allowing users to track, capture, and redistribute excess energy, thereby contributing to a reduction in the global carbon footprint.

Promoting Transparency

A lack of transparency is a common issue faced by energy company users, as they often do not have access to crucial information, and energy prices are solely determined by the company. Energy Web Token addresses this concern by introducing traceable logs and providing near real-time data access, enhancing transparency and improving the overall user experience.

Key Features of Energy Web Token

Energy Web Token offers a comprehensive ecosystem in the energy sector through the Energy Web Decentralized Operating System (EW-DOS). This system consists of various open-source standards and decentralized software, including the Energy Web Chain and software development toolkits (SDKs).

EW-DOS is maintained by renowned energy companies from around the world.

The Energy Web Token ecosystem is comprised of three layers:

• Trust: This layer ensures the establishment of secure decentralized digital identities (DIDs) and enables the provision of immutable data and related state transitions in smart contracts using the Energy Web Chain.
• Utility: The middle layer of EW-DOS simplifies the creation and utilization of decentralized applications.
• Toolkit: This open-source template enables the development of applications that support the renewable energy market.

The Roadmap of Energy Web Token

Although the specific development roadmap for the Energy Web Token project has not been publicly announced, you can visit this link to stay updated on the Energy Web ecosystem's roadmap.

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