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Power Ledger Overview
24h High
$0.07
24h Low
$0.07
24h Change
-3.31%
7d Change
+5.35%
30d Change
-0.68%
Volume 24h
$2.16M
Market Cap
$37.29M
Circulating Supply
549.63M POWR
Power Ledger News
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About Power Ledger
Power Ledger is a trailblazing blockchain platform facilitating decentralized renewable energy trading. Initially rooted in Ethereum's blockchain, it has transitioned to a custom, energy-focused blockchain that ensures efficiency and broad scalability, vital for the myriad microtransactions in energy trade. Founded by Dr. Jemma Green, Dave Martin, John Bulich, and Jenni Conroy in 2016, the platform emphasizes sustainability, aiming to make green energy more accessible while reducing carbon footprints. The evolution of its native token, $POWR, mirrors the platform's growth, adapting to new roles in transaction fees and ecosystem integration. The team's commitment to regular updates and innovation ensures Power Ledger remains at the energy sector's forefront.
Power Ledger was co-founded in 2016 by Dr. Jemma Green, Dave Martin, John Bulich, and Jenni Conroy. With Dr. Green's expertise in renewable energy and sustainability, Dave Martin's understanding of electricity distribution, and John Bulich's proficiency in blockchain technology, the team is passionately driven to revolutionize traditional energy markets.
Initially built upon Ethereum's blockchain, Power Ledger has since transitioned to a custom, proof-of-stake public blockchain specifically designed for energy and environmental trading applications. On 31st July 2023, they introduced their custom blockchain, inspired by Solana but adapted to meet Power Ledger's energy-specific needs. This blockchain offers reduced fees, high throughput, and energy efficiency, which are critical for frequent microtransactions typical in decentralized energy trading.
$POWR, which began as an ERC-20 token on Ethereum, served as an access ticket to the Power Ledger platform. With the advent of their custom blockchain, the role of $POWR has evolved. Although $POWR remains on the Ethereum blockchain, it's now used to cover transaction fees on Power Ledger's new blockchain. A smart contract bridge is in the works, allowing for POWR tokens to be locked on Ethereum and equivalent native tokens to be minted on Power Ledger's new platform.
Central to Power Ledger is its unwavering commitment to sustainability. Pilot programs and ventures worldwide have underscored the need for a blockchain capable of handling thousands of simultaneous transactions with low energy and transaction costs. For instance, consider a community of 10,000 households. With just 20% trading energy at 5-minute intervals, this would equal over 6,600 transactions per second. Traditional blockchains like Bitcoin and Ethereum can't handle this volume, making Power Ledger's new platform revolutionary.
Power Ledger Markets
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Power Ledger Platforms
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Power Ledger Market Data
The live Power Ledger price today is $0.07 USD with a 24-hour trading volume of $2,160,314.51 USD. We update our POWR to USD price in real-time. Power Ledger is down 3.31% in the last 24 hours.
The current market cap is $37,289,743.49 USD, ranking #381 by market capitalization. The circulating supply is 549,629,019 POWR.