We believe that only those things that need public verifiability need to be on-chain. Polkadex's Design focuses on reducing the complexity of the chain. We believe that AMMs can supplement Orderbook based DEXs combined with fast execution logic, three-second block time, custom trading bot support, and our unique feature - On-Chain market making bots, a.k.a "AMMs inside a DEX." We present to you, Polkadex. AMMs require Orderbook based exchanges, but Orderbook based exchanges do not require AMMs to function. These protocols are profitable only when an arbitrage opportunity is available due to price differences in other exchanges. Limitations in computational resources led to the rise of Automated Market Making (AMM) protocols like Uniswap.
Orderbook based DEXs are not gaining volume. It is not upgradable, and it never provided a good trading experience, even after multiple hacks and catastrophic losses in the centralized exchanges like Mt. Previously Ethereum Smart Contracts allowed the creation of Defi services, but it is limited in computational resources required for the proper functioning of DEXs. It enables us to create a dedicated blockchain for decentralized exchange, which is purpose-built and configured to optimize the performance of DEXs. Substrate Blockchain Framework allows anyone to create application-specific blockchain without worrying about the technicality of block production and consensus. It enables high-frequency trading, high liquidity, and lightning-fast transaction speed for supporting Defi applications. The Energy Web ecosystem comprises leading utilities, renewable energy developers, grid operators, corporate energy buyers, automotive, internet-of-things, telecommunications leaders, and more.We present a scalable, fully decentralized platform for exchanging tokens in a peer-peer and trustless manner.
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Our enterprise-grade solutions improve coordination across complex energy markets, unlocking the full potential of clean, distributed energy resources for businesses, grid operators, and customers.
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To unlock their full potential, Energy Web and partner organizations have developed Energy Web X, a new technology enabling enterprises to deploy thousands of independent worker nodes, coordinate them in cohesive networks, and allow the public to verify the results of their work.įor more information on the business value of worker node networks, a high level explanation on how Energy Web X works, and Energy Web’s 2023 technology roadmap, download the lightpaper here.Įnergy Web is a global non-profit accelerating the clean energy transition by developing open-source technology solutions for energy systems. Each worker node network is a decentralized group of computers that jointly execute sensitive business processes that involve or impact multiple companies. The solutions Energy Web applies to these areas, dubbed Data Exchange, Green Proofs, and Asset Management, are powered by a brand-new web 3 technology: worker node networks. The second is bringing deep levels of transparency and verifiability to emerging green product supply chains including but not limited to 24/7 matched renewable electricity, sustainable aviation fuel, and sustainably produced bitcoin. The first is helping electric utilities digitize and integrate distributed energy resources to the grid.
ZUG, Switzerland, Ap(GLOBE NEWSWIRE) - Energy Web, a global non-profit accelerating the energy transition by developing open-source technology, has released a new technology roadmap detailing its plan to launch Energy Web X, the latest addition to the Energy Web Decentralized Operating System.īased on over five years of experience developing digital solutions with dozens of major energy companies from over 25 countries, Energy Web has narrowed its focus on accelerating decarbonization to two specific areas where the organization’s technology stack has the strongest business case.
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