Energy Web Price

Energy Web (ENERGYWEB) is a cryptocurrency launched in 2019 that powers the Energy Web Chain, an open-source blockchain platform specifically designed for the energy sector. Currently ranked #705 with a price of $0.4252, ENERGYWEB has seen a +1.31% change in the last 24 hours. Energy Web focuses on accelerating the global energy transition by enabling decentralized applications for renewable energy, grid flexibility, and carbon markets. The token facilitates transactions, governance, and staking within the Energy Web ecosystem. With a market cap of $25.74M and a 24-hour trading volume of $10.33K, ENERGYWEB has a circulating supply of 60.54M ENERGYWEB out of a maximum supply of 100M ENERGYWEB. The token's all-time high was $22.67, while its all-time low was $0.4067. Energy Web is built on Polkadot's Substrate framework and supports enterprise-grade solutions for energy companies, grid operators, and consumers looking to participate in the decentralized energy economy.

Energy Web was created on July 17, 2019, when the Energy Web Chain was officially launched. This blockchain platform was specifically designed for the energy sector, focusing on decentralized applications that support renewable energy integration, carbon markets, and enterprise solutions. Since its launch, Energy Web has established itself as a key cryptocurrency in the energy blockchain space, powering various applications related to energy trading, grid management, and sustainability initiatives.

Energy Web was founded by the Energy Web Foundation (EWF), a global non-profit organization established in 2017. The key founders include Walter Kok (CEO), Hervé Touati (former CEO), and Ewald Hesse. The foundation was created as a joint initiative between Rocky Mountain Institute and Grid Singularity, with the goal of accelerating blockchain technology adoption in the energy sector. The project officially launched its mainnet on June 19, 2019, introducing ENERGYWEB as the native utility token of the Energy Web Chain. The founding team brought together expertise from both the energy industry and blockchain technology to create a specialized platform for decentralized applications in the energy sector.

Energy Web (ENERGYWEB) operates on a blockchain platform designed specifically for the energy sector. It functions as the native utility token of the Energy Web Chain, a public, proof-of-authority blockchain tailored for energy applications. The token works through a unique consensus mechanism called proof-of-authority, which is more energy-efficient than traditional proof-of-work systems. This aligns with Energy Web's core mission of supporting sustainable energy initiatives. ENERGYWEB enables various functions within its ecosystem: • Governance: Token holders can participate in network decisions • Transaction fees: Used to pay for operations on the network • Staking: Validators stake tokens to secure the network • Utility: Powers decentralized applications focused on energy trading, grid management, and renewable energy certification With a current price of $0.4252 and a market cap of $25.74M, ENERGYWEB has a maximum supply of 100M ENERGYWEB tokens. The token facilitates the development of decentralized solutions for energy markets, helping to create more transparent and efficient systems for renewable energy tracking, grid flexibility, and carbon accounting. As part of the Polkadot ecosystem, Energy Web benefits from interoperability with other blockchain networks, enhancing its utility in the growing Web3 energy sector.

Energy Web operates on a unique technical architecture that combines blockchain technology with energy sector requirements. At its core, ENERGYWEB uses a Proof-of-Authority (PoA) consensus mechanism on a modified Ethereum codebase, which significantly reduces energy consumption compared to Proof-of-Work systems. The architecture consists of three main layers: 1. The base layer: A public, permissioned blockchain with validator nodes run by established energy companies 2. The middleware layer: Includes tools like decentralized identity (DIDs) and self-sovereign identity solutions 3. The application layer: Hosts various dApps focused on energy trading, grid management, and renewable energy certification Energy Web's technical stack incorporates Substrate framework elements, making it part of the Polkadot ecosystem. This enables cross-chain interoperability while maintaining industry-specific functionality. The network can process transactions more efficiently than traditional blockchains, with block times of approximately 5 seconds. With a current circulating supply of 60.54M ENERGYWEB and maximum supply capped at 100M ENERGYWEB, the Energy Web architecture is designed to scale with the growing demands of the global energy transition.

Energy Web has an ambitious roadmap focused on expanding its decentralized energy infrastructure. By 2026, the project aims to enhance its blockchain solutions for renewable energy tracking and carbon markets. In 2027, ENERGYWEB plans to launch improved enterprise tools for grid operators and utilities. The 2028 roadmap includes expanding cross-chain interoperability with other Polkadot ecosystem projects. Long-term goals for 2031 include becoming the standard infrastructure for global energy markets with 100+ enterprise implementations. Currently priced at $0.4252 with a market cap of $25.74M, ENERGYWEB has significant growth potential as renewable energy adoption accelerates. The team is actively developing new governance mechanisms and scaling solutions to support enterprise adoption. With only 60.54M ENERGYWEB of the 100M ENERGYWEB tokens in circulation, ENERGYWEB is positioned to benefit from increasing demand in the energy sector's digital transformation.