CANDELACOIN: PROMOTING THE USE OF SOLAR ENERGY

Credit Source

INTRODUCTION

The energy sector is a very enormous one which is estimatably many many hundreds of billions and with greater potentials for the future. The team hopes to Decentralized and make the energy sector beneficial to users. Challenges that have lingered in the sector like the lack of liquidity will be resolved by using Candela coin. This innovation will make the energy industry free from monopolies by making sure the energy distributed is not consolidated such that some entities gain charge.

ABOUT CANDELA

This platform makes the energy sector open to everyone and uniquely improve the energy market liquidity. The power company has been in control of distribution of energy for so long but with this platform, there would be a change because Candela coin has all it takes to make everyone have access to power without depending on these companies. By using the blockchain, the project has successfully been integrated into IoT and other interesting technology that would contribute to the improvements of the solar energy that is now being harnessed as the useful source of energy. Also, a combine token system called Candela Coin has been taken and will be the permanent currency for the transaction and then the market would function at its best with this token.

Credit Source

SOLUTIONS OF CANDELA COIN

This platform has made provisions to enable all individuals able to create energy and also distribute to neighboring communities around through the design of solar panels which is the source of the solar energy. So all those with solar panel in this platform will be seen as great contributors. The buying and selling of solar panels by people through this platform will make them able to make money for themselves.

The Integration of IoT metering which users use on their produced solar panels make them able to calculate energy produced by the panels they produce and by that, it makes the transfer of energy very easy as the users buy and sell solar energy.

Credit Source

For every energy delivered to the users, a pricing system that is created by Candela will make it possible to manage the flow of the electricity within the power system. This gives way for appropriate pricing and also eliminate the risks associated with the use of energy in this form.

Other benefits of this platform includes the reliability on the innovation and the blockchain capabilities which mitigates the risks in the industry such that all the services provided become very effective and is appropriate to the market pricing system. This platform also will make other potential useful projects on the blockchain to grow such that the number of successful project grows and the digital system becomes very balanced and can also reward those who contribute to it.

Credit Source

CONCLUSION

These solutions have got so many people informed and now they can look forward to a better future where all the members of communities can easily use this type of energy. Since the blockchain is very good at storing information and ensuring the authenticity of data, energy data that are inputed into the blockchain are reckoned safe and there won't be any risk when direct transactions are done.

Check out the links below for more info;

Website: https://www.candelacoin.com/

Whitepaper: https://uploads-ssl.webflow.com/5ee80918fa53c4dbf6968b3c/5f111ea74156e3098fb6874d_white%20paper%20(11).pdf

Telegram: https://t.me/candelacoindiscussion

Twitter: https://twitter.com/candelacoin

Facebook: https://www.facebook.com/Candela-Coin-111118247315246/

Linkedln: https://www.linkedin.com/company/candela-foundation/

Instagram: https://www.instagram.com/candelacoin/

Youtube: https://www.youtube.com/channel/UCE4g5uz2tLyKe5xolPQzMNg

AUTHOR'S DETAILS

Bitcointalk Username: chuksmy

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2635666

Proof of Authentication: https://bitcointalk.org/index.php?topic=5267259.msg54951076#msg54951076