Power Ledger wallet

Power Ledger leverages the P2P nature of the underlying blockchain to facilitate the transfer of energy tokens, environmental commodities trading, and renewable asset ownership with minimal transaction friction and intermediaries. Users can buy and sell excess electric capacity via solar roof panels in real time using Power Ledger, and are rewarded in the native POWR token for doing so.

Three of the primary projects from Power Ledger include VPP 2.0 for the sale of excess battery capacity, xGrid energy from solar panels, and uGrid — a market for commercial building solar power spare capacity.

On top of consumer trading of excess energy, Power Ledger enables environmental commodities trading, making the exchange of commodities and renewables credits more transparent and tractable. Power Ledger’s marketplaces for such exchange include C6 and C6+.

Power Ledger has also developed a renewable asset ownership framework where households are incentivized to acquire renewable energy sources, even if only a fractional ownership, and earn rewards based on their production of green energy. Power Ledger currently has ongoing projects in the US, Thailand, Japan, Austria, and more focusing on testing and incorporating their platform with existing renewable energy infrastructure.

There is a capped supply of 1 billion POWR tokens, with 430 million of the POWR tokens in Circulating Supply.

When you first buy cryptocurrency, you’re issued with two keys: public and private.

• A public key serves as an address that can be shared with other parties to perform transactions.
• A private key represents a randomly generated number that signs transactions and protects your assets from malicious attacks. If it gets compromised or lost, you won’t be able to access your cold wallet to spend, withdraw, or transfer your tokens.

To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. The safer choice are specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and corresponding PIN or the recovery phrase. What’s more, with hardware wallet, you don’t need to rely on third party custodians.

Ledger Nano is the industry-leading hardware wallet. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets:

• Your private keys are stored on secure element chips.
• A PIN code and a 24-word recovery phrase are required to access the wallet.
• Ledger Nano hardware wallets have been built using highly durable materials for protection against physical damage.

With full isolation between private keys and your computer/mobile, Ledger Nano crypto wallets keep your keys secure and give you complete control over your tokens.