It is a crypto currency like Bitcoin being cloned in 2014 of the PeerCoin the first Proof-of-stake currency.
The currency is meant to provide a platform for communities, companies and individuals to built energy applications using the inherent strengths of crypto currencies and blockchains. The purpose of the coin is to facilitate the so-called Energy Transition and the move away from fossil fuels towards local generation and renewables.
Practical examples will be published on our Blog. We believe this technology contains some key benefits over existing technologies being open source, distributed and safe it brings the technological benefits to communities who are organized the same way.
Crypto tokens are easily connected to real world payments systems. Tokens can even be introduced as a form of local currency. A local store of value and the platform acts as a means for value transactions. This is all done with a few key strengths of using Blockchain technology.
The key benefits of using EnergyCoin are:
Transactions are logged into one ledger and its written once
Transaction logging is simple according to the protocol and clear to anyone participating
No need for layers of add-ons to protect data or authorization
With this platform anyone is able to create an Energy related application in need of a token system, samples will be published in the Blog.
We welcome any interested party in energy field to join us. If you want to be our partner, do not hesitate to contact us. --- EnergyCoin Team