The Internet of Energy Network: An Overview

The Internet of Energy Network, alternatively referred to as IOE Network, is a standardized and open protocol that facilitates the interconnection and value exchange among various energy devices, users, and markets. This interconnected system transforms traditional grids into intelligent cooperative systems, where devices adapt their behavior based on local grid requirements and economic incentives.

The Importance of Currency in the Internet of Energy Network

The functioning of the Internet of Energy Network relies on two layers of currency. The primary layer, called IOEN (ion), serves as a staking mechanism that ensures financial liquidity and governance in the execution process. By staking these tokens, local Internet of Energy Communities (IOEC) can facilitate transactions and interactions within a minigrid. To ensure privacy, scalability, and efficiency, the local transaction systems operate on the Holochain platform. With its open-source nature, the IOEN Protocol aims to unlock the potential of clean energy minigrids globally.

The Future of Energy: Embracing Clean Energy Minigrids

Clean energy minigrids represent the future of the global energy landscape. By leveraging blockchain and Holochain technologies, the Internet of Energy Network establishes a digital infrastructure that accelerates the transition towards clean energy accessibility for all individuals.