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docs_depin/docs/depin_specs/energy_networks/power_ledger.md
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Power Ledger Detailed information about Power Ledger 1

Power Ledger

Overview

Powerledger leverages blockchain technology to address the pressing challenges of intermittency and grid congestion caused by integrating renewable energy into the grid. It leverages blockchain technology to create a peer-to-peer energy marketplace.

Key Features

  • Currency: POWR (Power Ledger Token)
  • Buying Currency: Available on exchanges like Binance and KuCoin.
  • Utility:
    • Used for network transactions and incentivizing energy trading.
    • Staking rewards for network validators.
  • Automation:
    • Smart contracts automate energy trading and payment processing.
  • Utility in the Project:
    • Users can earn POWR by trading renewable energy.
    • Validators can stake POWR to secure the network and earn rewards.
  • API: Yes, Power Ledger provides an API for developers to integrate with their applications.
  • User Perspective:
    • Users can easily trade renewable energy and earn POWR tokens.

How It Works

  1. Step 1: Users connect their renewable energy sources to the Power Ledger network.
  2. Step 2: The network matches buyers and sellers of renewable energy.
  3. Step 3: Users earn POWR tokens based on the amount of energy traded.

Staking

  • Staking Requirements: Minimum of 10,000 POWR tokens to become a validator.
  • Rewards: Validators earn a percentage of transaction fees and block rewards.

Documentation

For detailed documentation, visit Power Ledger Docs.

Additional Resources