D.Energy ‘Makes clean energy the new currency of the digital world’: CEO

Blockchain has an essential part to play in the transition to renewable energy, according to decentralized trading platform D.Energy.

Speaking at the Fomo Hour of Trug Radio, the CEO of the company Shafi Rafi said that the leading principle of the company “makes the new currency of the digital world of clean energy.”

D.Energy’s Layer-1 blockchain Ecosystem is powered by a unique consensus mechanism “Proof of Energy”, in which validators buy and use certificates for renewable energy, each of which represent an amount of energy generated from renewable sources.

That makes D.Energy ‘the first L1 powered by not the native token, but by a NFT In the form of an active in the real world, “said Rafi. The blockchain automatically compensates for its energy consumption in a ratio of 1000: 1 to redeeming RECs, so that the renewable generation supports.

This “reverse mining” process compensates for the energy consumption of the network, Rafi said. “Every time our network uses a megawatt hour of energy, we compensate 1000 megawatt hours of energy,” he explained, adding that the resulting “regenerative system” “” is not just net zero – we are actually adding clean energy to the environment. “

The aim is to “democratize energy,” he said, creating a borderless, peer-to-peer “through energy-supported economy” in which portfolios can exchange and exchange renewable energy with the help of the Watt-Token of the network, which is launched in the near future with a tok-orientation event and sale.

The current “archaic, outdated” energy market has geographical limitations, Rafi explains. “In the US, only American companies buy certificates for renewable energy; in the UK only British companies buy the locally produced companies.” In D.Energy’s Borderless Ecosystem: “Someone in Dubai can buy us certificates,” he said, adding that “they can use it or buy them for speculation.”

Unlike many blockchain projects, D.Energy has a clear use in mind from the start, Rafi said. “Most Blockchain-Laag-1’s, they build the code and the statistics on which they compare themselves, are TPS or scalability. As soon as they are implemented and launched, they start looking for user cases and aid programs.”

D.Energy, on the other hand, has a “native built-in use case”, with which portfolios can make peer-to-peer transactions of renewable energy native, said Rafi. But the project has greater ambitions to make blockchain itself not only sustainable, but stimulating other industries to generating clean energy, by “handing handy electricity of one click compensation of the general public and companies.”

Other block chains also have access to the offset system of D.Energy, while Rafi provides an ecosystem with decentralized applications (DAPPs) built on top of the D.Energy chain itself, creating a non-extractive system that improves the environment.

“The whole concept is to make the basic layer of our blockchain -renewable energy,” he said, adding that “the way the world is on its way, everything is electrified – so the foundation of value in a digital world must be clean energy.”