A. Initially it will be Application Hosts only. As we progress we will move towards the public
also being involved in securing the network. Longer term when we feel Ethereum has
developed reasonable scaling solutions and proof-of-stake is implemented we are
committed to transitioning the transactional process to the Public blockchain.
A. This is addressed in the White Paper, users will need to be on-boarded by Application
Hosts. No hardware or software is required by the user, just a login. Later users in
deregulated markets may be able to use the platform and trade electricity directly without
going through an Application Host (sponsor).
A. We don’t use sidechains. We will be using Ethereum's POW algorithm and migrating
along with Ethereum to POS if it becomes stable.
A. No sidechains. An ERC20 compatible smart contract for each local currency market.
Suppliers within the same country or currency can share the same Sparkz ERC20.
A. No, Sparkz prices are set at local currency exchange rates and it won’t change. POWR
depends on the strength of the POWR token on the exchanges, Consortium miners will
initially be application hosts and be rewarded by a reduction in their platform transaction
A. Initially they will be at a fixed price and later adjusted depending on the risk profile of the
Application Host (using reputation and customer feedback). Eventually as the POWR
market becomes deeper and stabilizes, we intend to shift to a direct market pricing
A. The amount of POWR's at any one time locked up in the Smart Bonds will be
transparent to everyone. Sparkz created will be transparent to all of the consortium
members for security and privacy reasons. When the consortium chain transitions to a
public Blockchain, Sparkz creation contracts will also become public.
A. There is no market price risk for Power Ledger. The Application Hosts buy POWR to
gain access to the platform. The number of Sparkz created will eventually be linked to
the market price of POWR. Sparkz are always in alignment with the electricity market
(and currency market) they are transacted in. The only time Power Ledger needs to buy
back POWR is for the incentivizer program which will always be at market prices and be
distributed back to users based on its current value.
A. POWR tokens are never exhausted. In the white paper it says "Once an Application Host
has exhausted all POWR tokens they can no longer transact on the Platform, until they
obtain more POWR to provide Platform access.” This just means they cannot transact
without Platform access which is warranted by having POWR tokens. The POWR tokens
are escrowed in a Smart Bond when the Sparkz are issued. When the Sparkz are
returned the POWR token are also returned to the Application Host and the Sparkz are
A. The amount of POWR tokens is fixed. This can be confirmed on the Ethereum
blockchain and the issuing smart contract cannot be changed once deployed. Sparks will
be generated as they are required, used and then destroyed when redeemed.
A. No, they are separate for stability of pricing and local electricity pricing reasons. If the
token market inflated the POWR price it wouldn’t affect the cost for electricity for the
everyday consumer. Electricity is priced in local currency, represented by Sparkz.
Sparkz are pegged to local fiat currency and the cost of power, so are unlikely to change
much in relative “value” over time. E.g. 1 Sparkz = 1 AUD
A. They will be listed on crypto exchanges along with other tokens, so yes they will
fluctuate with the market demand.
A. Yes, the rate of conversion will vary based on the fluctuation of the POWR tokens. For
Application Hosts, their reputation and feedback may also affect the conversion ratio.
A. A large scale retailer, yes for sure, a large-scale generator could also become an
A. The asset (PV or battery) is a participant of the platform which interacts through its smart
meter and Sparkz wallet and can then transact energy autonomously. It does not have to
be a person.
A. The concepts are not linked. The value of POWR tokens required in the Smart Bond will
be related to the value and number of Sparkz required by the Application Host so they
may on-board their customers and assets.
A. Depending on the trading environment we'll use a legal framework that reflects the standard terms and conditions of the small-use energy customer contracts that apply in many market jurisdictions. These terms and conditions will be embedded within trading rules that drive the peer-to-peer relationship between platform users.
A. There are 2 blockchains the one the POWR token lives on is the public Ethereum BC this will not change. What you are referring to is the consortium blockchain where the electricity is transacted
A. POWR and Sparkz are both used within the system and have different functions on different blockchains Power Ledger uses a public AND consortium Blockchain.
A. We require its smart contract functionality, it has great development support and it's planned transition to proof of Stake.
A. Yes you will. It will definitely be up before ICO release.