ELONCITY SECURING A GREEN ENERGY FUTURE ♻️

What if I told you that the current power generation and distribution supply can be disrupted for a better alternative? And that alternative is not a pipe dream, rather than an actual solution that can now be implemented? And the solution for our power problems is not a recently discovered rare mineral like Vibranium but rather pieces that we’ve had for a long time, and only recently have been able to get the crowning element to complete the puzzle? This best describes Eloncity, a project that seeks to leverage blockchain technology to make the renewable energy dream a reality for everyone around the world. Eloncity aims to solve the pertinent problems with our current power distribution in one fell swoop:
☑️Renewable energy, making our planet greener
☑️Sufficient power supply. No and low barrier to entry to power creation
☑️Zero downtime, because microgrids are decentralized, all nodes cant be offline together
☑️Cheap to set up power generation plants and be part of the network
☑️Giving value back to users and away from corporations.
☑️Lower transmission fees. Power being generated and supplied locally greatly reduces the distance of transmission like in a centralized powergrid network.
☑️Easy to store surplus power using innovative storage smart devices

Energy main driver of the economy

Until recently, electricity has been the de-facto engine of economic prosperity. Indeed, going back to the dawn of the industrial revolution, the economic and technological breakthroughs have been attributed to the discovery of robust sources of energy namely coal and later on electricity. However, little progress has been made on how we generate our electricity since then. Eloncity seeks to break up the centralized power grid models into microgrids of power generation and power distribution networks. Empowering individuals to join a network in which they can create and find a ready market for their power has greater rewards for the progress as a whole.
It is about time that critical components of the economy are used as systems of control. By being applied to money, Bitcoin became the ultimate financial Trojan horse. Now we can be able to navigate around the systems without necessarily opposing them by carrying out financial transactions on the Bitcoin network. Especially in Africa, due to the strained nature of development, establishment of power generation plants has been a particularly cagey affair. The management and payment models developed have also been non-transparent creating loopholes for top management to exploit for more money. This week for example the top management of Kenya Power, the official electricity distributing company in Kenya, were arrested on allegations of fraudulent activities. The charges include formation of shell companies to award themselves business tenders with the parent government parastatal Kenya Power. Recent criticisms such as unfair pricing models have gone unattended. We all know how this script plays out, some eople are just too big to fall.

Eloncity and CyberMiles Partnership

CyberMiles is a public blockchain launched off of Ethereum, designed specifically for e-commerce application. Interestingly, CyberMiles can integrate with the Ethereum virtual machine, meaning applications running on Ethereum can easily run on CyberMiles as well. The only difference here is CyberMiles offers a number of ecosystem advantages such as faster transaction speeds and lower transaction costs. CyberMiles testnet has already been launched and the mainnet will be due later this year.
A fully functional Eloncity regional power model will undoubtedly have immense tolls on the network. With energy trade happening between hundreds and thousands of households in real time, the toll on any network will undoubtedly be top heavy. Currently, CyberMiles can be able to support at least 10000 tps in its testnet phase. It is easy to integrate Eloncity on top of CyberMiles because their innate qualities interlock. With most of the energy trade occurring within microgrids, this can easily be scaled by using side chains on the public blockchain. This means the Eloncity virtual machine and the CyberMiles virtual machine Travis can easily be integrated.
The solution for this collaboration is a novel Plasma implementation that will facilitate quick peer-to-peer energy trade. Research has shown that one of the solutions for solving the Ethereum clog problem are layer 2 networks, Plasma and state channels. Plasma offers a more advanced and applicable solution to scaling compared to state channels such as being able to handle efficiently, a more diverse and arbitrary transaction types. The ability to layer the side chains can further create an organization similar to hierarchical power microgrids.

Unique identification link Eloncity: http://eloncity.io/?utm_source=Content&utm_medium=Bounty&utm_campaign=B000123
For more information you can follow the following important links:

Krypital Bounty Group: https://t.me/KrypitalBounty
Eloncity Group: https://t.me/Eloncity
Krypital News: https://t.me/KrypitalNews