TERAWATT - The Global LED Adoption Through Blockchain Technology

I want to say a very big ''thank you'' to all of my subscribers for their followership, the market is not so encouraging as at today 10th of December, 2018. but to my greatest surprise, the project i am about to introduce to you today, despite all odds have gained wide acceptance across the world and the cryptocurrency community at large. The project by the name **TERAWATT, ** is based on Blockchain technology and a patented company of renewable energy sources with a strong focus on monetization and worldwide introduction of LED.

Before we go further on today's topic, let's remind ourselves what Blockchain technology is and its advantage.

WHAT IS BLOCKCHAIN

According to wikipedia, Blockchain is originally known as bloc chain, It is a growing list of records known as blocks which is linked using cryptography, each of these blocks contain a cryptographic hash of the initial block, a transaction data and a time stamp.

Since its emergence in the year 2008, when Nakamoto satoshi discovered and introduced bitcoin, there has been serious efforts to integrate the blockchain technology into several aspects of various process of global business , The blockchain technology has been described as having the potential to disrupt many industries with immutability, low-cost transaction, and enhanced maximum security. So many other blockchain implementations have been deployed and developed with unique features designed to specific use-cases.

The blockchain technology has made possible to issue assets through a distributed ledger framework. With cryptocurrency tokens, Assets can be given economic value in order to validate and initiate transactional processes.

ADVANTAGES OF BLOCKCHAIN:

Decentralised payment processing,
Creating an immutable system of recording,
Reducing Cost of Transaction and
Enhanced Security.

Now that we have reminded ourselves of what blockchain technology is, let's look into the subject matter.

OVERVIEW OF TERAWATT

Terawatt is based on Blockchain technology and a patented company of renewable energy sources with a strong focus on monetization and worldwide introduction of LED. The company creates a DAO based on Ethereum, a private currency for global payments. The DAO will be financed and used for utilities, vendors, organizations, tokens holders, and energy consumers on the entire planet. The DAO will exist as a decentralized global insurance fund for providing public services, access to finance, and for subsidies.

Additionally, Terawatt will also create a deflationary currency to compete with FIAT and digital alternatives like Bitcoin. Terawatt aims to tackle other renewable sectors like Solar, Wind, Electric Vehicles after proof of concept is achieved with L.E.D.s.

THE MISSION OF TERAWATT

Terawatt will automatically use 50–75% of company profits earned from DAO entry/exit fees, profit taking fees (like an exchange), time decay fees, carbon tax data storage fees, carbon credits, and even from affiliate L.E.D. sales commissions to buyback and burn (LED) Tokens. This is similar to the BNB token, but they only burn every quarter, we will burn 24/7.

Utilities and other businesses will want to accept our tokens for payments because our rate of deflation is much greater than all FIAT currencies and most, if not all, cryptocurrencies/tokens while also being more private and secure with zk-SNARKS and masternodes when available. Furthermore, the more tokens they have to enter into the DAO fund, the more voting power, profits, and staking rewards they can receive.

THE BENEFITS OF USING L.E.D

Light up immediately, like an incandescent bulb

They stay cool to the touch even after use

Last up to five times longer than CFLs

No sensitivity to cold temperatures

Do not contain mercury

Some models can be used with a dimmer switch

Available in soft, warm, and bright white hues

THE FEATURES

WHY BLOCKCHAIN?

To create an immutable, decentralized, secure, private (zk-SNARKS) deflationary currency with utility functions

Complex smart contracts to power the D.A.O. is needed.

Transparency, Immutability, Decentralization and verifications of all transactions performed on the platform is needed.

Extremely precise process automation

It becomes convenient to work with other cryptocurrencies in an increasingly digital world. Integration with other projects on blockchain (product tracking, verification, ecosystem expansions, and so on)

Reliability and fault tolerance

THE BENEFITS