{"id":173053,"date":"2024-10-13T08:03:28","date_gmt":"2024-10-13T08:03:28","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=173053"},"modified":"2024-10-13T08:03:28","modified_gmt":"2024-10-13T08:03:28","slug":"powerledger-completes-integration-with-solana-accelerating-the-pace-of-innovation-in-sustainability","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/powerledger-completes-integration-with-solana-accelerating-the-pace-of-innovation-in-sustainability\/","title":{"rendered":"Powerledger completes integration with Solana, accelerating the pace of innovation in sustainability"},"content":{"rendered":"<p><span><strong>Zug, Switzerland, October 13th, 2024, Chainwire<\/strong><\/span><\/p>\n<p><\/p>\n<p><a href=\"https:\/\/www.powerledger.io\/\" rel=\"nofollow noopener\" target=\"_blank\">Powerledger<\/a> (<a href=\"https:\/\/coinmarketcap.com\/currencies\/power-ledger\/\" rel=\"nofollow noopener\" target=\"_blank\">POWR<\/a>) has officially completed its integration with the Solana ecosystem, accelerating the pace of innovation in the global sustainability markets. This move combines Solana\u2019s cutting-edge blockchain technology with Powerledger\u2019s proven energy and environmental commodities trading and energy tracking solutions, setting the stage for faster, more efficient, and cost-effective clean energy solutions worldwide.<\/p>\n<p>On October 1, 2024, Powerledger began the deprecation of its own blockchain, marking a transition for the POWR token across both Ethereum and Solana. This dual-chain approach unlocks potential for the tokenisation, trading, and tracking of renewable energy assets, including excess clean energy, renewable energy certificates (RECs) and carbon credits (CCs), while driving global environmental accountability. Powerledger\u2019s proprietary energy solutions are now transitioned to Solana mainnet.\u00a0<\/p>\n<blockquote><p>&#8220;With our new Solana POWR token, we&#8217;re excited to leverage Solana&#8217;s network, this allows for lower fees and faster processing, aligning with our vision to make clean energy more efficient and accessible for all,\u201d said John Bulich, Co-founder &amp; Director, Powerledger.\u00a0<\/p><\/blockquote>\n<p><strong>Solana POWR: Speed, efficiency, and sustainability in action.<\/strong><\/p>\n<p>This integration enables Powerledger\u2019s platform to scale faster, support high-volume energy and environmental commodities transactions, and contribute to a more efficient and decentralised energy future for global sustainability efforts. This integration with Solana mainnet offers,\u00a0<\/p>\n<ul>\n<li><strong>POWR token availability: <\/strong>The POWR token is now available on both Ethereum and Solana, with no changes to the total token supply. Token swap mechanism ensures that for every POWR token minted on Solana, an equivalent amount is locked on Ethereum, preserving the integrity of the tokenomics and preventing inflation.\u00a0<\/li>\n<li><strong>Enhanced flexibility and interoperability<\/strong>: The dual-chain approach ensures that POWR remains accessible to users who prefer Ethereum, while also leveraging Solana\u2019s powerful infrastructure and vibrant community to drive new sustainability solutions and collaboration.<\/li>\n<li><strong>POWR as a payment token<\/strong>: POWR will continue to serve as a payment token for platform services across both Ethereum and Solana, incentivising green behaviours such as offsetting carbon emissions and reducing energy consumption. Powerledger also completed the integration of its own energy platform with Solana, leveraging Solana\u2019s latest tools and technology.\u00a0<\/li>\n<\/ul>\n<p>Powerledger (POWR) is set to play a pivotal role in enabling the tokenisation and trading of renewable energy assets, helping businesses meet their sustainability goals while making energy markets more transparent and accessible for all.\u00a0<\/p>\n<p><strong>About Powerledger<\/strong><\/p>\n<p><a href=\"https:\/\/www.powerledger.io\/\" rel=\"nofollow noopener\" target=\"_blank\">Powerledger<\/a> is a Web3 company that creates pioneering solutions that solve pressing energy challenges, enabling access to cheaper and cleaner electricity and transparent environmental trading marketplace. Founded in 2016, Powerledger is known for being Australia\u2019s first and most successful ICO. Powerledger has previously experimented with Bitcoin and Ethereum forks before transitioning to a hard fork on Solana last year. Now, headquartered in Zug, Powerledger is recognised as one of the top 50 companies in Crypto Valley, Switzerland.\u00a0<\/p>\n<p>For more information, please visit <a href=\"https:\/\/www.powerledger.io\/\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.powerledger.io\/<\/a><\/p>\n<p>YouTube: <a href=\"https:\/\/youtu.be\/DR-AQIyk9V0?si=dJf-H_SttyQkpbBm\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/youtu.be\/DR-AQIyk9V0?si=dJf-H_SttyQkpbBm<\/a><\/p>\n<p class=\"chainwire-video-container\"><iframe src=\"https:\/\/www.youtube.com\/embed\/DR-AQIyk9V0\"><\/iframe><\/p>\n<p><\/p>\n<p><\/p>\n<h5>Contact<\/h5>\n<p><span><strong>Snehal Pawar<\/strong><br \/><\/span><span><strong>Powerledger<\/strong><br \/><\/span><span><strong>pr@powerledger.io<\/strong><br \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zug, Switzerland, 13th October 2024, Chainwire<\/p>\n","protected":false},"author":35,"featured_media":173052,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173053"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=173053"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173053\/revisions"}],"predecessor-version":[{"id":173054,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/173053\/revisions\/173054"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/173052"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=173053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=173053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=173053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}