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- Powerledger has integrated with the Solana blockchain, enhancing its energy trading platform with faster, more cost-effective solutions for clean energy and environmental commodities.
- The integration allows Powerledger’s POWR token to facilitate the trading of renewable energy assets like carbon credits and renewable energy certificates.
Powerledger has officially integrated with the Solana blockchain, marking a major milestone in its mission to revolutionize global sustainability markets. The integration combines Solana’s high-speed, low-cost blockchain with Powerledger’s innovative energy trading and environmental tracking solutions, paving the way for more efficient and cost-effective clean energy solutions worldwide.
On October 1, 2024, Powerledger began deprecating its own blockchain, transitioning the POWR token to operate on both Ethereum and Solana. This dual-chain approach enhances the token’s utility for trading and tracking renewable energy assets, including clean energy, renewable energy certificates (RECs), and carbon credits (CCs). With the integration complete, Powerledger’s proprietary energy solutions have successfully moved to the Solana mainnet.
John Bulich, Co-founder and Director of Powerledger, expressed excitement about the transition, stating:
“With our new Solana POWR token, we’re excited to leverage Solana’s network. This allows for lower fees and faster processing, aligning with our vision to make clean energy more efficient and accessible for all.”
The dual-chain system ensures the POWR token remains accessible on both Ethereum and Solana, with no change to the total token supply. A token swap mechanism guarantees that every POWR token minted on Solana is balanced by an equivalent amount locked on Ethereum, maintaining the integrity of the tokenomics and preventing inflation.
Powerledger’s integration with Solana allows for faster scaling, higher transaction volumes, and better support for energy and environmental commodities trading. By leveraging Solana’s advanced infrastructure, Powerledger is making energy markets more transparent, accessible, and aligned with global sustainability goals.
