27 new partners joined Energy Web Foundation

Strategic partner list includes 12 world’s biggest energy companies
08 February 2018   378

On Monday, February 6, Energy Web Foundation announced that new strategic partners joined the organization with 12 biggest players on the list. The list includes: US’s Duke Energy, Exelon and PG&E; Germany’s E.ON and Innogy; Belgian firm Eandis; Eneco of the Netherlands; Swisspower; WiPro of India; PPT of Thailand and SB Energy Corp of Japan.

Blockchain technology has the potential to disrupt the way energy markets operate today. With this open accessible test platform we can start to develop future market standards and build reorganized, more efficient ecosystems.

 

Frank Meyer

Senior Vice President

 

The foundation has the purpose of ensuring interoperability and reduce costs through standards and market platforms that are easy to implement. Its open-source test network Tobalaba was launched on November 1, 2017 is currently used by more than 25 businesses to test decentralized applications. This year the network will be improved in terms of scalability and connectedness with physical devices and assets.

EWF states it raised over $17 mln overall to date, and $14 mln - since the start of round B funding from last August. This round B fundraising will close in May, 2018.

Our goal is to create a global ecosystem of innovators committed to working together to advance the state of the art of this powerful technology.

 

Jon Creyts

EWF Council member

Electroneum to update its blockchain

Electroneum announced that new code will be released on May 30 as its blockchain reaches Block 307500
26 April 2018   50

Electroneum announced its fork is scheduled to take place at block 307500 on May 30. The fork is special as it will not result in two currencies: this is achieved by allowing all the exchanges and pools to update their software in advance. The update covers the following aspects

  • anti-ASIC code:

the implementation of such code will ensure security against any network attack

  • increase of transfer fee:

to ensure Electroneum blockchain withstands blockchain flooding, base fee will be increased to 0.1 ETN

  • block size increase before penalty:

the increase will allow miners to scale the blocks faster and get more transactions into a block

  • disabling of RingCT and Mixin:

disabling some privacy features with letting wallets remain private will get a less wait to fit a transaction into a block and a leaner blockchain size

  • 3 days mempool life:

it will ensure a reduction of the possibility of the returned transactions

Readers will be able to find the rest of the remaining details of the update here. As for the market indicators for Electroneum, here is what they look like at the moment of publication:

  • Average price   $0.024453
  • Market cap         $166,770,279
  • Volume (24H)    $1,234,100