Decentralized Energy Will Ensure A DeFi Future

Decentralized Energy (DeEn) leverages DApps and smart contracts on the Ethereum platform to conduct transactions and trade energy assets. DeEn has the same structure, advantages, and logic as DeFi, or Decentralized Finance.

Similar to DeFi, where trades of digital assets are peer to peer, DeEn allows consumers to know exactly from where their energy is coming. It empowers consumers to choose where their electricity comes from and change it quickly and securely.

Energy has long been overly centralized so consumers often cannot choose to leave the current energy marketplace. Although DeFi has been transforming how people trade assets in the financial market, achieving a true decentralized vision and decentralized energy, such as candela coin, should also be a key component.

As the DeFi “machine” continues to grow, the system itself requires more and more energy to run and maintain. The source of that energy is currently unclear. The DeFi space requires DeEn to detach itself from state/corporate-owned energy dependencies and become truly decentralized.

A new sustainable world is the future. The EU has set a carbon-neutral goal for 2050 and put solar and wind technology at the forefront of the transition. With Germany shutting down all nuclear and coal-based energy production, blockchain is underpinning many renewable energy platforms. We are working to put candela coin at the forefront of this transition.