Blockchain-based renewable energy marketplaces gain traction in 2021

Cointelegraph

Published Apr 03, 2021 05:05PM ET

Updated Apr 03, 2021 06:40PM ET

Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to the emerging asset class.

While environmental concerns and the cost to reward debate rages on, there is one group of cryptocurrency projects that has the goal of bringing blockchain technology to the global energy grids as a way to encourage renewable energy generation through a flexible marketplace that connects energy buyers and sellers.

EWT/USDT vs. POWR/USD vs. WPR/USD 1-day chart. Source: TradingView
EWT/USDT 4-hour chart. Source: TradingView
POWR/USD 4-hour chart. Source: TradingView
WPR/USD 4-hour chart. Source: TradingView

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