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The Power Ledger Platform forms peer-to-peer energy transactions by recording both the generation and consumption of all platform participants in real time. Energy generation and use are transacted at predetermined rates.
The Power Ledger Platform operates on two blockchain layers and uses two coins: The Power Ledger Token (POWR) and Sparkz. POWR and Sparkz are both used with the system and have different functions on both blockchains. The platform uses the public Ethereum blockchain as well as a private consortium blockchain, Ecochain.
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