Welcome my dear friends. I have prepared an overview of the project for you.Our modern way of life depends on huge electrical networks that power everything from light bulbs to mass transit subways. Despite the great advances in technological innovation, these existing grid is largely based on an aging design, which is essentially a centralized network architecture, fed by large power plants in remote locations that connect client sites through a complex maze network of transmission and distribution (T & D) , Coordination of energy production in the form of alternating current (AC) and its delivery through a complex network of T & D are managed by regional system operators or independent system operators (ISO). ISO not only needs to balance the production and consumption of electricity in real time, but also must ensure that electricity manufactured remotely, transported to client sites, without falling into congestion at a large network of T & D. while the current of the electrical network are some of the most complex engineering systems ever built by mankind, this centralized design of the power grid begins to show its age.
Today's centralized energy systems face serious challenges in providing safe, reliable, secure and affordable energy services. The following are some examples of some of the frustrating problems that existing centralized power systems face.
The growth and development of our society do not stand still, consuming more and more resources. And the most urgent problem is the problem of energy production. Scientists and developers around the world have been trying to put on the “flow” of renewable clean energy production for decades.
Eloncity, which was founded by Andy Lee in 2018, offers to restructure the current multibillion-dollar energy market with the help of blockchain technology.
http://eloncity.io/?
However, from the high-profile keynote speakers of the summit, the most attention was drawn to Andy Lee, the founder of Eloncity. Attention, are associated with the main task Alancity to solve a universal problem that affects all people. The Eloncity project is aimed at replacing the traditional power system with a decentralized energy infrastructure consisting of millions of self-sufficient micro-grids and thus widely used stored renewable energy at any time of the day. This will address the imbalance in demand and supply of renewable energy, which has been a hot topic in recent years. People all over the world are facing political and economic challenges due to the ever-decreasing fossil fuel and renewable energy production issues. The world is excited about Andy Lee's work in applying blockchain technology to solve energy problems and for humanity as a whole. Eloncity technologies will help to produce electricity almost free of charge, thus providing the world with affordable clean energy.
A new trading blockchain system will be created that will synchronize with the artificial intelligence algorithm, comparing the state of distributed energy resources of the Internet of things (IoT), and will use machine learning to determine the model of electricity demand by the society.
One of the goals of the project is to reduce energy prices and independence from energy producers, which are constantly increasing prices.
Eloncity offers users systems for the production and storage of electricity, which in the future will be the main source of clean energy.Eloncity has decentralized our energy infrastructure to millions of self-sufficient microgrids. Locally produced energy is available 24/7 and directly competes with utilities. The price of energy becomes transparent to all. People are using open-source Eloncity technology to make electricity virtually free so we can electrify the world with clean energy.
The new energy infrastructure is aimed at achieving a complete micrograph transaction market. The Blockchain is used to create an automated high-speed trading network that facilitates the exchange of energy in terms of supply and demand in real time.With the smart Eloncity power system, people will no longer have to pay for expensive transformer upgrades to support two-way power flow.
that change will also allow Eloncity users to trade excess solar energy directly at lower prices.Did you know: no matter how advanced and efficient your rooftop PV panels are, power will be wasted anyway after sunset. In addition, we need to pay even more for fossil fuels, namely natural gas and electricity.Blockchain network technology has allowed its users to pay attention to tangible value that provides the basis for implementing a new growth model. This pattern of growth has attracted the attention of the user as the main link to the promotion. The main growth helps to attract the attention of users to the traffic that is necessary for the acquisition, evaluation, motivation, and work with the basic components of the enterprise. In addition, the user's attention should be directed to a particular product or service. This will also be seen as recognition and loyalty of the enterprise.
Blockchain-a continuous chain of blocks (a linked list) containing information built according to certain rules. Most often, copies of block chains are stored on many different computers independently of each other.In addition, users will be able to sell surplus electricity generated. For each saved megawatt of net energy, you can get 16 ECT tokens as a reward.
Eloncity is going to create a whole system of micro-power plants that will operate on photovoltaic cells and interact with each other with the help of blockchain technology at a speed of 2.5 million transactions per second. All important information can be found here:
Official website: https://eloncity.io/
Twitter: https://twitter.com/Eloncity_io
Facebook: https://www.facebook.com/Eloncity-229599404279234/
Reddit: https://www.reddit.com/r/Eloncity/
Instagram: https://www.instagram.com/eloncity_io/
LinkedIn: https://www.linkedin.com/company/eloncity/
Telegram: https://t.me/Eloncity
Author: https://bitcointalk.org/index.php?action=profile;u=1725951
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