Terawatt decentralized light emitting project on blockchain

Since the advent of blockchain technology, it have gained enormous popularity and expansion in the usage in different sectors Blockchain is often presented as an almost magical tool for solving many of the world’s problems, but for many this technology remains confusing and mysterious. The recent explosive growth and the legalising it by some countries have drawn a lot of attention and put a new focus on the topic.

There are numerous blockchains today, Bitcoin being the first. While the Bitcoin blockchain’s only application is cryptocurrency, recent developments are allowing blockchain to be applied in many new areas, including energy.

group of analysis was interviewed about the key things everyone should know about this groundbreaking technology and what it could mean for the future of the energy sector and the renewable energy transition.
Blockchain’s energy consumption is directly linked to “data mining” – solving mathematical problems to validate transactions and gain rewards.

In Bitcoin’s data mining system, every machine in the network competes to solve mathematical problems. The first to solve each problem “wins”, receiving Bitcoins for their efforts, and at the same time blocks of transactions are validated

Introduction to terawatt project

A light-emitting diode (LED) is a two-lead semiconductor light source. It is a p–n junction diode that emits light when activated. When a suitable current is applied to the leads, electrons are able to recombine with electron holes within the device, releasing energy in the form of photons.

Terawatt is a patent-pending renewable energy start up using blockchain technology, that have main target and focus on monetization and diriving global LED adoption, it is q decetranlised global insurance fund to ensure utilities

It create a DAO ( Decentralized Autonomous Organization ) with a deflationary ethereum based private (zk-SNARKS) as currency for global payments , it will be funded and adopted by utility companies i.e led sellers , businesses , token holders with energy customers globally

Terawatt leverage blockchain technology in reducing lighting electricity across the globe by 50% ( approximately 2000 terawatts) by 2035, it also increased light output by 50% . it aims to tackle other renewable sectors like solar, wind , electric vehicles after proof of concept is achieved with L.E.D.s

Lighting problems

Inefficiency of light bulbs causing unnecessary greenhouse gas emissions that contributes to change of climate , with abnormal increased in electricity bills for users . terawatt aimed to fix this problem by driving LED adoption globally

Specifications of token

Overall Supply : 100,000,000 LED Tokens Circulating Supply : 65,000,000 (This
number will decrease to 1 Million or less over time) Terawatt will be mathematically
delationary as we have a continuous coin burning algorithm using 50-75% of DAO
profits to buyback and burn our own tokens daily 1 LED Token Represents 10,000
Watts (10 KW) of potential L.E.D. Electricity Usage As a verified LED bulb purchaser,
you may get LED Tokens for free. 3-5% of LED Tokens will be given to LED bulb
purchasers over the next 20 years

Team

Conclusions

Terawatt is a decentralized platform using blockchain technology to solve the problem faced by individual and government in the area of exorbitant electricity bills , it create aaaan ethereum based token as a global payment by adopted utility companies , led sellers etc , it is a very powerful project that have a working product

Contacts us
Bitcointalk: https://bitcointalk.org/index.php?topic=5060951

Website : https://terawattled.com/

Telegram : https://t.me/TeraWattICO

Whitepaper: https://terawattled.com/assets/Terawatt.pdf

Author btt username : supremacy1

Btt Profile : https://bitcointalk.org/index.php?action=profile;u=1968684;sa=summary

Real author wallet address :

0x9870Ac8A7DDBAb734fC36528506c4a943FAD1579