Why Bitcoin Is The Future Of Our Energy Grid
Bitcoin’s unique energy use incentives, ability to store stranded energy and more make it the future of our energy consumption as a planet.Here goes a full-length, easy-to-read article based on my recent Twitter thread, part one on Bitcoin and the nuclear future of our energy grid. In part one, I breakdown the narratives around energy markets in general and Bitcoin's energy usage, cover some industry facts and insights and offer some of my personal opinions along the way for a hopefully enjoyable read.But before I begin, I want to provide my own little background since it’s relevant to the....
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Microgrid wants to let neighbors sell excess solar energy over a distributed ledger-based system, and two Brooklyn neighbors completed their very first transaction on the TransActive Grid On April 11, 2016. When dealing with solar energy, there is usually an excess of power than can be sold back to the electricity provider. But some people would much....
Transactive Grid empowers and encourages people to produce and share renewable energy, for a cleaner environment and money. The application of Bitcoin technology has gone a long way since its introduction to the world in 2009. Now it has reached a new milestone as it gets implemented in the energy sector. Recently, a New York-based startup, Transactive Grid introduced blockchain enabled microgrid enabling peer to peer transaction of energy. The concept, designed to empower individuals by letting them buy and sell electricity like a commodity. Until now, the energy sector has been dominated....
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