Eloncity ( ECT ) – The Project Overview and Recent Eloncity News Briefing

spacetm (25)in #cryptocurrency • 6 years ago

Over time, there were many problems with the grid, and during the lifetime they were seriously affected, since new access to production and distribution of electricity is required than ever before. The technology of the block circuit and power is closely related, because now there are several difficulties in spreading the net power. Financing tokenization and block technology is almost the only way to solve this problem. Although, not all the plans can cope with this work. The cost that energy users charge from users is becoming increasingly high, providing financial assistance to users. In fact, the dealing system can not deal the problem and help the market to go up more

Eloncity Project Objectives

The ELONCITY program is aimed at developing a real economy in the energy sector. The goal of ELONCITY is to develop open ELONCITY technologies to create practically free and electrify the globe with pure power

In the existing centralized power system, there are significant problems,

A huge number of self-made disasters lead to the destruction of the atmosphere;
The centralized ecosystem of production and supply of electricity to consumers does not meet the requirements of reliability and safety;
The difficulty of providing power to the user and adapting new sources of energy to existing supply plans;

In addition, in terms of peak loads, a centralized ecosystem is not able to offer all the demand and move unclaimed capacity to where it is most needed. The solution proposed by the plan is justified and has an individual embodiment: hundreds of thousands of self-sufficient micro-grids will be developed that will locally produce power throughout the day. They will look like a honey comb.

The project plan for the ELONCITY project is divided into 3 main stages,

The AI Fund is a fund that does not have money, created by the founder of ELONCITY and dealing with issues of power before the plan was applied. Ecosystems of energy levels that create battery-based storage ecosystems have also been developed.
During the next eighteen to twenty-four months, the AI Foundation will work with government institutions, educational institutions and scientific organizations and GOVT bodies to scale the ELONCITY model in NA (North America) and in Asia.
AI Fund will focus on transferring the mass market of the ELONCITY model to each target market in the universe.

The block-chain is really necessary for the plan, consumers and power producers are proposed to be divided into microlayers. Any such group will have its own block-chain (the question of the speed of the deal is solved by grouping and creating a personal unit). Complex dealing systems will be applied through the blockchain system according to the algorithm of the structure of supply and demand and taking into account seasonality. The plan has previously started working and has an MVP. ELONCITY was applied in the US and successfully launched in the city in Mexico; an autonomous microset was developed. The main partner of the ELONCITY project is the KRYPITAL Group. The founder of this plan is Andy Lee, Andy graduated from UNI, if Columbia. It has been working as a principle in Cisco systems for more than a decade and as infrastructure planning in the cloud computing company Ali Baba for more than two years. There it was really connected with the task of renewable energy sources.

ELONCITY project: ECT token

The ECT token (the ELONCITY project token) is used as a utility token in the program. As stated in the White Paper, basically these are the two main functions.
ELONCITY network exchange standard, customers receive an ECT token, trading surplus power for peers, while a member of the community uses ECT to enter local electricity services.

Maintain value on ELONCITY platform, compatible with ELONCITY. The battery storage system should reserve enough ECT, which is equivalent to the cost of its electrical energy, to contribute to the automatic exchange, which ultimately makes the ECT valuable token, electric energy

Recent Eloncity News 10th August to 23rd of August

10 August 2018:

Come and choose ELONCITY in icohub! http://ico-hub.org/icos/24485, log in to your telegram account and click "Choose" on the Eloncity voting page. Once connected, you will also receive a chip concentrator for this! Click on Details

15 August 2018:

The multi-billion-dollar company of Sanjeev, Gupta SIMEC Zen Energy, has made a significant investment in #energy # Australia renewable. "The production of 600 gigawatt hours per year is enough to feed an average of 96,000 homes, with 780,000 solar panels per 11 square kilometers". Click on Details

16 August 2018:

ELONCITY ECTP is based on blockchain technology to create a highly efficient and reliable energy exchange platform at the community level. It also shows hardware devices and power system requirements for peer-to-peer devices for energy exchange in the blocking platform. Click on Details

20 August 2018:

ECT is a utility token designed to facilitate the exchange of energy in the Eloncity microenvironments (eg ECTP compatible chips) and between the nearby Eloncity microchips. Click on Details

21 August 2018:

In short, it's nice that renewable energy is here to stay. 2,900 million dollars have been invested since 2004. United States In 2018, investments in the United Arab Emirates increased 29 times and investments in Mexico increased by 810%. Click on Details

22 August 2018:

Recently, the UN ambassador for clean energy, Dai Zhen, officially joined the Eloncity team as a consultant. Dai Zhen has extensive knowledge and experience in the block and energy industry. Click on Details

23 August 2018:

#Eloncity's design includes local photovoltaic solar panels or wind turbines and BESS intelligent network systems to maintain the stability of local electrical equipment, flexibility and fault tolerance in terms of network services and emergency situations

Suggested Eloncity features

The blockchain network Eloncity works with the motto to use the system of crypto currency, making sure that charging of fees is not charged. Therefore, he introduced some important functions that prepare the system. Such as:

Blockchain-based Trade System: this function works with algorithms from artificial intelligence. The trading system gives positive energy in trade transparently, while algorithms find a fair market price in real time as a reference.

Smart Energy Storage Systems: Energy storage systems maintain a balance with IoT technologies for the demand and supply of locally produced renewable energy.

DC power: this function includes switching the new last mile network, which helps to permanently remove the peak load.

Direct current technology: it helps new devices directly control DC, eliminating the recurring energy conversion system. This, in the long run, will lead to an increase in the competitiveness of neighboring renewable energy produced.

Proof of stored capacity (PoSp): This function defines a unique production scheme for creating financial assets for ESS investments

The Eloncity model is supported by community support for decentralized energy resources. All related information about the network of blockhouses is intended to fulfill the objectives. Eloncity may need to impose some improvements or some certified modifications of products, architecture and design. The whole model will be sufficient to serve users with clean technology for a better and saucy city where the system will work without any complexity

The Conclusion

ELONCITY completes the decentralization of the turn to localization due to the lack of binding of centralized energy services to divide the abstract block-register with the virtual token. The model is not limited to technological efforts to redesign the energy infrastructure, but also by changing the hierarchically ordered hierarchies allowing societies and individuals to contribute to the development of safe, dynamic, healthy, safe, fair and sustainable energy in the future