Power Ledger to launch on EcoChain

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When PowerLedger launches later this month it will be the first application to store its energy readings on Ecochain, the world’s first low energy, eco-friendly blockchain. Powered mainly by solar energy, Ecochain uses the latest Proof-of-stake mining which by design uses a fraction of the energy consumed by other proof-of-work blockchains. With a fast block-time Ecochain was purpose built for high-volume transaction applications. Further security and data integrity is provided by leveraging off the BTC blockchain using “tangle” technology developed by Ledger Assets. An applications feature is also available – a simpler form of Smart Contracts which provides protection against coding errors.