Buy Energy Web (EWT)
What is Energy Web?
Energy Web Token (EWT) is the native token of the Energy Web Chain, which is a blockchain platform designed specifically to meet the needs of the energy sector. It aims to facilitate transactions and enable a marketplace for renewable energy assets, ensuring reliability and security through the validation of transactions.
How does Energy Web work?
Energy Web operates on the Energy Web Chain, a public, open-source blockchain compatible with Ethereum smart contracts. It utilizes the Proof of Authority (PoA) consensus mechanism, specifically the Authority Roundtable (AuRa) algorithm, wherein designated validators create new blocks in a round-robin fashion. The platform supports the development of decentralized applications for the energy industry and emphasizes security and data transparency.
What are the potential use cases for Energy Web?
Energy Web has several potential use cases including:
- Renewable Energy Certification: Providing a blockchain-based method to certify the use of renewable energy.
- Asset Management: Streamlining the management of energy assets like wind turbines and power inverters.
- Data Exchange: Facilitating secure data exchange among energy providers, producers, and consumers.
- Decentralised Applications (DApps): Enabling the creation of DApps for grid management and energy trading.
These use cases span multiple industries such as electric vehicle charging, aviation, and even Bitcoin mining, where renewable energy usage can be verified.
What is the history of Energy Web?
Energy Web was co-founded in 2017 by the Rocky Mountain Institute and Grid Singularity, along with 10 initial energy companies, to revolutionise and decarbonize the energy sector using blockchain technology. Key developments include the launch of Energy Web X, which offers new solutions based on Polkadot's multichain technology and aims to enhance enterprise capabilities through decentralized node networks. Energy Web has grown to become the largest blockchain ecosystem in the energy industry, with a strong network of partners and stakeholders.
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Frequently Asked Questions (FAQs)
What is the current price of Energy Web (EWT)?
The Energy Web price is $2.4293 AUD, representing a +8.89% from the day prior.
Where is the best place to buy Energy Web (EWT) in Australia?
The best place to buy Energy Web (EWT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Energy Web (EWT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Energy Web (EWT)?
The trading volume of Energy Web (EWT) is $916.2K AUD in the last 24hrs, representing a +8.89% from the day prior.
How can I buy Energy Web (EWT)?
Energy Web (EWT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Energy Web (EWT)?
The current market cap of Energy Web (EWT) is $143.0M AUD.
Can I convert Energy Web (EWT) to cash?
Yes - With Coinstash you can convert your Energy Web (EWT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Energy Web (EWT) are there?
The current circulating supply of Energy Web (EWT) is 59.3M.
Is Coinstash a safe place to buy Energy Web (EWT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Energy Web (EWT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.