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Sunday, September 19, 2021

Decentralized energy is the key to DeFi’s future

According to Lition, decentralized finance should include decentralized energy. That can be explained by the fact that it uses DApps and blockchain, in addition it has the same logic.

Decentralized energy leverages DApps and smart contracts on Ethereum, thereby managing transactions and performing energy asset transactions. In an article published July 31, Lition, a Berlin-based technology startup, launched a blockchain-based market platform that allows users to choose between multiple energy providers, DeEn has the same ” structure, advantages and logic ” as DeFi – decentralized finance.

DeFi should include DeEn
According to Lition, DeFi is a peer-to-peer (P2P) electronic asset trading platform. Similarly, DeEn also lets consumers know exactly where their power source comes from. Users have the right to choose where to supply their power and change it quickly, safely at will. The company has used its decentralized market as an example to say:

”LITION OWNING A VERY OWN ENERGY EXCHANGE. IT’S A BACKGROUND ENERGY TRANSACTION PLANNING, DIRECTLY FOR USERS. BROKERS ARE REMITTED BY MINING CONTRACT AND BLOCKCHAIN ​​TECHNOLOGY CONTRACT. THIS ALLOWS THE PRICE OF GREEN ENERGY MUST BE BETTER. At the same time, helping manufacturers have higher productivity, promoting sustainable energy ‘ ‘

The energy sharing has long been believed by Lition to be overly focused. This leads to consumers often unable to choose to leave the current energy market. Although the way people trade assets in the financial markets is being changed by DeFi. However, achieving a truly decentralized vision and energy should also be part of it. Lition also added that:

” As DeFi” engine “evolves, the system itself requires more power to run and maintain. But where the source of that energy comes from is unknown. The DeFi space requires DeEn to separate from the state / enterprise energy dependencies. And that became completely decentralized. ”

According to one post, sustainable global is the future to look forward to. The EU has also set a goal of carbon neutralization by 2050. Besides, wind and solar energy are also at the forefront of the transition.

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