POWRETH
Power Ledger / Ethereum
cryptoComposite

On July 21, 2022, the SEC stated that POWR is a "crypto asset security". Note: (1) Messari does not provide financial or trading advice - our services are for informational purposes only; and (2) Messari's services are impersonal - do your own due diligence. Please refer to our Terms of Use for more info. Power Ledger is building a platform with the goal of creating decentralized energy markets Power Ledger uses the public Ethereum blockchain to support the POWR token as well as a private consortium blockchain for the transaction of energy within peer-to-peer trading environments using the Sparkz token. Starting at that protocol layer, the Ethereum blockchain core allows for POWR to be ERC20 in nature and provides a trustless and open source implementation of key components of POWR. Connected with layer is the Power Ledger Core that includes an industry specific consortium blockchain. Called the EcoChain, it is a low cost, in-house, Proof-of-Authority blockchain that has been live tested in multiple public trials. Its key functions include the management of the internal Sparkz token, fiat payment processor integration, storage and verification of smart contract readings and a whole suite of other possibilities that can be unlocked as the platform scales. The team plans to transition to a public proof-of-stake blockchain in the future to enable new features and the inclusion of new markets like carbon trading and peer-to-peer energy exchanges.