The Eloncity project is one of the most ambitious cryptoeconomic projects. It aims to decentralize the electrical grid infrastructure and energy monopolies by replacing them with a hierarchy of blockchain-enabled microgrids. Those microgrids allow communities to store, trade, and consume locally-generated renewable energy. The system aims to achieve supply and demand balance within — and across — communities, reducing the need for very expensive peak generation power and the power transmission fees that plague the network today.

However, households need to trade frequently in order to establish an efficient energy market. As the trading volume grows geometrically with the number of households in the network, the frequency of trading, which we estimate to be millions of transactions per second in a typical country, could exceed the capacity of any blockchain.
 
Fortunately, most of the energy trading also is limited within microgrids; that is, most trading happens between stable groups of households in the same neighborhood or community. That allows us to scale the network by building side chains, each representing a microgrid.

Eloncity is partnering with CyberMiles to build its infrastructure on the high-performance CyberMiles public blockchain. And like CyberMiles, Eloncity aims to build a highly optimized virtual machine that is specific to its particular application protocol. In this case, CyberMiles and Eloncity are collaborating to develop a customized Plasma implementation that allows for fast, secure energy trading based on the Eloncity protocol. The goal is to automate much of the verification workload and reduce the complexity of cryptoeconomic games.

Pay attention, the 3rd AMA is comming. Pls join Krypital bounty group to get more detail info.


【Eloncity News】


Another Airdrop with Crypto Love!
AMA on July 19, Thursday at 8PM (CST)

Get ready of your UID, and don't miss out this great oppotunities to meet the founder of Eloncity!

I think they need time to updating and checking exactly stake for every member,so it could be take a time. But if compare with others bounty i had take part in that eloncity is still faster. Maybe the next time they will be update it on time. 

In this stage of coin market, Eloncity can make some promotion as add 15-20% ECT to investor buy when ICO ( can pay ECT after 2-3 month ), it is bonus for investor go together with Eloncity team.

I think it's an excellent project. I'm a crypto investor, and I'll invest in this one!

I think this coin go to the moon. great project 

First of my thoughts on the Eloncity project is a project on electricity and right it is a project on electricity. The idea of the project is very good and very practical! Electricity will be produced and will be provided locally 24/7, and will directly compete with existing power supply units. The benefits of the project will increase dramatically in the future as everyone knows the crypto currency.
I hope the project will grow stronger in the future and help many people!

I advise you to ask for assistance in the telegram channel https://t.me/KrypitalBounty. Bounty managers have a lot of work, but do not worry, after the company's bounty is over, all the tables will be filled correctly.

A great project from good developers, join us 

Eloncity a special project with promising potential.  The project is developing very well