Powerledger has introduced cross-chain functionality for its POWR token, allowing users to transfer assets seamlessly between the Ethereum and Solana blockchains via Portal Bridge. The update enhances flexibility and choice for token holders across both ecosystems.
POWR Info
Power Ledger is a technology enterprise focused on shaping a sustainable future by offering software solutions for decentralized energy markets. Originating from Australia, it leverages blockchain technology to facilitate energy, flexibility services, and environmental commodities trading. The overarching objective is to transition to a modernized energy grid, emphasizing consumer choice and power democratization.
The company’s technological architecture operates on dual blockchain layers: the public Ethereum blockchain and a proprietary consortium blockchain called EcoChain™. To serve its global client base, spanning over 11 countries, Power Ledger has curated a suite of products like uGrid, xGrid, TraceX, and Vision, among others. These offerings, which are scalable and can be contracted individually, are clustered into three foundational pillars: energy trading & traceability, flexibility trading, and environmental commodities trading.
The POWR token, conforming to the ERC-20 standard, functions as an access license. It’s indispensable for businesses such as utilities, renewable energy entities, and firms committed to green energy to utilize Power Ledger’s platform.