Energy Web
Current price
$0.3510
+2.93%24h
LiveUpdated 16s ago
TodayEnergy Web rises 2.9%, while the market falls.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−1.29%
- 24 hours+2.93%
- 7 days−0.42%
- 30 days+21.22%
- 1 year−56.83%
Energy Web's move in context
Beating the market today
+2.93% today against −3.28% for the market as a whole, a gap of 6.2 points. A gap this wide suggests something specific to Energy Web may be moving it, not just the market mood.
Trend has turned
−0.4% over 7 days and +21.2% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Energy Web
Overview
Energy Web (EWT) is a blockchain platform specifically designed to accelerate the transition to a decentralized, decarbonized energy system. Its core mission focuses on creating a digital backbone for energy markets, enabling seamless integration of renewable energy sources and enhancing the way energy is produced, traded, and consumed. By leveraging blockchain technology, Energy Web provides transparent, efficient, and secure pathways for the exchange of energy data and assets. Distinguishing features of Energy Web include its focus on energy sector applications, support for decentralized governance, and a commitment to sustainability, which is crucial for addressing global climate challenges.
Technical Features
Energy Web employs a unique consensus mechanism known as Proof of Authority (PoA), which allows for high throughput and low latency, making it ideal for the fast-paced energy market. The network's architecture is tailored for energy use cases, with a permissioned layer that facilitates controlled access for stakeholders such as utilities, regulators, and consumers. Security on the Energy Web is enhanced through a federated model, utilizing a set of authorized validators that ensure the integrity of transactions. Additionally, Energy Web integrates various unique algorithms and frameworks to support functionalities specifically designed for energy applications, enabling innovative solutions like peer-to-peer energy trading and renewable energy certificates.
Use Cases
Energy Web plays a vital role in various use cases and applications within the energy sector. It is pivotal in facilitating decentralized finance (DeFi) solutions tailored for energy markets, enabling users to trade energy credits and tokens seamlessly. Its governance features empower stakeholders in the energy sector to participate in decision-making processes, ensuring a transparent management structure. Moreover, Energy Web supports smart contract functionality, allowing for automated agreements and interactions amongst users. The platform also serves as a robust framework for cross-border payments, providing a frictionless way for entities to transact in energy without the barriers typically associated with traditional finance.
Development Background
The development of Energy Web began in 2017, spearheaded by the Energy Web Foundation, an organization composed of prominent players in the energy sector. Key supporters include organizations like Rocky Mountain Institute and various energy companies worldwide. Significant milestones since its inception include the launch of the Energy Web Chain in 2019 and various partnerships with utility companies, technology firms, and governmental bodies. These developments have fostered a collaborative environment aimed at harnessing blockchain technology to innovate in the energy space.
Community and Ecosystem
Energy Web encompasses a vibrant community comprised of developers, energy professionals, and enthusiasts committed to advancing the platform's utility. Its ecosystem includes diverse projects focusing on different aspects of energy management, such as demand response solutions, carbon tracking, and community solar initiatives. The Energy Web Foundation actively engages with partners, fostering the development of applications that leverage its technology. Collaborative initiatives with other blockchain projects, technology companies, and regulatory bodies further strengthen its ecosystem and enhance its credibility within the energy sector.
Future Potential
Looking ahead, Energy Web possesses significant future potential, driven by its innovative technology and expanding use cases. The ongoing development roadmap includes enhancements to its blockchain infrastructure, improving scalability and transaction speeds. As global energy markets continue to evolve, Energy Web’s focus on flexibility and adaptability positions it well to capture emerging trends, such as the increasing adoption of decentralized energy resources and energy-as-a-service models. By fostering partnerships and promoting new applications, Energy Web aims to lead the transformation of the energy landscape, encouraging a more sustainable and decentralized future.
Energy Web market
- Position by market cap among the coins we track.
- #319
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $21.32M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.3357High $0.3555
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $22.67
- Now 2% of itReached 17 Apr 2021 · Needs +6,359% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 60.76M EWT
- 61% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 69.02M EWT
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 100M EWT
- The most coins that can ever exist. Some coins have no limit.
Energy Web converter
1 Energy Web = $0.3510
