Thread by @CryptoGirlNova

1) In today's market it's increasingly difficult to select high quality cryptocurrencies.

Most fade away and as such we need to search for the best fundamentals.

A thread on $EWT and why you should take a look at this cryptocurrency.

Read on 🧵👇

@energywebx #ewt

2) The last couple of years have shown us that energy solutions will be sought after like never before.

Even in times like these people are struggling to pay their electricity bills.

Even the entire car industry will be 50% electric by 2040 according to a recent survey.

3) There's a growing need for efficient and affordable energy solutions on the planet.

As this industry grows, so too do the opportunities for blockchain and tokenization.

4) ENTER ENERGYWEB

Energy Web Foundation is looking to aid the energy sector in a transition to blockchain.

This decentralized open-source blockchain network is designed to empower energy sector Dapp developers.

It's network is secure, reliable, and fully EVM-compatible.

5) Energy Web Chain operates as the first open-source, enterprise blockchain platform tailored to the energy sector.

This blockchain integrates a scalable consensus mechanism to achieve high transaction throughput and vertical scalability.

6) The project improves sustainability and functionality when compared to second and third-generation blockchains.

The network’s blockchain relies heavily on off-chain sensors called Oracles.

These sensors provide real-world data to EW applications, bridges, and Dapps.

7) In the Energy Web Token ecosystem, oracles are used to monitor the price of energy assets, asset usage, and waste.

The Energy Web Chain utilizes the Proof of Authority (PoA) consensus mechanism to validate the state of the network.

8) This system is a Proof-of-Work variant with the main difference being that only approved nodes can validate transactions.

Validators get paid rewards in the network’s native utility token, EWT.

9) TOKEN UTILITY

The EWT Utility token serves a variety of roles throughout the Energy Web Token network.

- Users can pay for services using the token.
- Developers can use the token to create more responsive and streamlined applications.

10) EWT’s primary purpose is to provide a way to universally track the value of energy assets across the global blockchain.

Important to add is that a few days ago "energy web X" was announced.

https://twitter.com/energywebx/status/1577332375977361414?t=mRUjNX22ALSWmGZXQ4uChQ&s=19

11) Because of the early introduction details are scarce BUT $EWT will be accompanied by $EWX.

According to the founders "Energy Web X" isn't going to be a replacement but an addition to the existing infrastructure.

Video link for more details 👇

12) EWF has over 100 energy and blockchain affiliates.

These include utility companies, grid operators, renewable energy and cleantech companies, blockchain developers, and more.

Some of these companies are validators on the EW Chain.

13) The Energy Web Foundation, a non-profit organization that built and developed the Energy Web, was founded in 2017 by Rocky Mountain Institute, Grid Singularity, along with ten other affiliates.

A full list of their team can be found here.

energyweb.org/team/

14) Conclusion:

The Energy Web Token represents the growing sector of the market primarily focused on sustainability.

The Energy Web Token provides a sustainable network that enables regular users to earn profits and keep track of their usage more diligently.

15) As the price of energy continues to rise, we can expect to see projects like energyweb continue to gain more media attention and eventual adoption.

Nova out ❤️

16) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.

I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.

Your favorite writer Nova ✍️

17) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.

Everyone deserves free knowledge 📘

Love you all ❤️

First post 👇

https://twitter.com/CryptoGirlNova/status/1581687531367981056?t=Q2XUsmjDQ12f7LHUWPMnfg&s=19