KWHCoin is a digital currency backed by an equivalent measurement of deliverable kWh output from network participants. Network participants leverage data, smart meters, sensor readings and Green Button data to produce this output. The output is then tokenized to create digital assets on the blockchain.
KWHCoin is the native digital currency of The Grid applications and will be the decentralized currency that powers peer-to-peer transactions, token swaps, digital exchange trades and all transactions that take place on The Grid.
KWHCoin has been developed for mass adoption and is designed to become the leading digital currency for the emerging Internet of Energy.
What separates KWHCoin from other cryptocurrency projects in the renewable energy sector is that our focus is on the “grid’s edges”. We define the “edges” of the grid as smaller distributed energy resources, such as solar panels in the residential market, electric vehicles, microgrids, wind farms and demand response technologies, to name a few. These comprise the elements for a new two-way generational model of energy distribution. This presents a great opportunity for local communities to directly participate in the renewable energy economy.