When Power Ledger launches later this month it will be the first application to store its energy readings on Ecochain, the world’s first low energy, eco-friendly blockchain.
Powered predominately by solar energy, Ecochain uses the latest Proof-of-Stake mining which by design uses a fraction of the energy consumed by other proof-of-work blockchains.
With it’s fast block-time Ecochain was purpose built for high-volume transaction applications. Further security and data integrity is provided by leveraging off the BTC blockchain using “tangle” technology developed locally by Ledger Assets.
A simpler form of Smart Contracts which protects against coding errors is also available.