We analyze in depth Pylon, the blockchain and cryptocurrency network, which wants to offer us guaranteed renewable energy and promote the installation of renewables through new technologies.

Pylon Network is a new platform developed based on blockchain technology, which has the idea of ​​selling renewable energy to customers, with a total certification that we are really consuming renewable energy and knowing the origin of this energy. For this, its own blockchain has been developed, which certifies from the point of energy generation, to the consumer of it.

Basically this is achieved with two types of cooperatives. We have, on the one hand, a cooperative of renewable energy generators, which will initially be based on photovoltaic generators and later, if there is demand and there are options, we would bet on photovoltaics. The other pillar is the consumer cooperative, where customers come together to purchase energy and make responsible consumption of the mass, centralizing the entire system.

Thanks to this system, we seek to eliminate all intermediaries, which cause the price to rise artificially. This allows consumers' money to go directly to the generators and can pay those who transfer the energy or, if the facility belongs to the cooperative, develop more electricity generation plants using renewables.

PROBLEM SOLVED

Currently the market has a very small number of actors, who have the power to manipulate the price at their free will, therefore, competitiveness and market liberalization disappears, only seeking profit from intermediaries. Therefore, the liberalization of the market is a lie, since it leaves a status quo equal to the previous liberalization of the market.

The problem of liberalization arises from two fundamental aspects: a small group of members, who artificially raise the costs of entering the market, which prevents new actors from entering and inefficient governments, who do not care about the issue, but feed it , due to the interests they have, since normally the electricity companies offer succulent advisory positions, after leaving politics.

Regulatory frameworks are inefficient and do not incentivize a real commitment to renewables. The first regulatory framework encouraged the installation of renewables based on subsidies for these facilities. The second regulatory framework did the opposite, putting up bureaucratic obstacles of all kinds, which prevent independent generators from entering the market, even ordinary users, who could benefit from reducing their consumption with a few photovoltaic panels.

BLOCK CHAIN

Basically, the decentralized consensus of decisions is sought, which are taken democratically, seeking the expansion of generation and the capacity of the system. This is combined with a simplification of shared ownership processes through transparent, secure and real-time assets.

Consumption in real time allows constant monitoring by both the user and the two cooperatives, something that allows knowing the needs of the network and the customer at all times. Consumption can be managed efficiently and 'live' payment is allowed. This allows to alter consumption habits, eliminating inefficient consumption, reducing energy waste, something that at the same time allows reducing the price of electricity.

Pylon has also developed METRON, a device that allows the intelligent measurement of consumption and that houses a wallet for bill payment. This enables efficient and easy personalized billing and financial sustainability.

MEMBERS

Within the Pylon network we can find investors in renewables, autonomous producers, large renewable facilities, prosumers connected to the network, METRON nodes, consumers and investors in cryptocurrency. Each one with a role.

INVESTORS IN RENEWABLES

These will be the ones that finance new plants for clients who do not have the financial capacity to make the payment. Customers will simply pay for the energy. The aim is to maximize the income obtained from the energy that customers connected to the grid will ultimately consume. Investors additionally receive an additional benefit of approximately 25%, compared to the traditional network and can be obtained in PylonCoin or FIAT money.

AUTONOMOUS PRODUCER

They are the most important on the net. They participate in the network with the surplus they have, pouring it into the network, which allows them to significantly improve the return on investment. Here what is done is an emulation of the pricing, being similar to being connected to the electrical network.

LARGE RENEWABLE INSTALLATIONS

We are talking about large renewable installations, already existing, which are already connected to the grid and already have authorization to operate. If they bet on pouring part or all of what is generated into the Pylon network, they will receive a reward for doing so. A harmonization of incentives is sought, as long as it is not provided in the regulatory framework.

NETWORK CONNECTED PROSUMERS

They are network users who have photovoltaic panels on the roof of the house. These will consume their own energy and the surplus is dumped into the grid. At the end of the billing period, a calculation is made of the energy consumed and generated and the price to pay is calculated. What is sought is that excess energy is not wasted, but that anyone on the network can take advantage of it.

CONSUMERS

As the name suggests, these users simply consume energy, coming from green generation systems. You don't need to have anything, just a METRON device, to be connected to the network and go.

Consumers don't even need to know that they are trading cryptocurrencies if they don't want to. What is developed is a kind of recharge portfolio, where we inject an amount determined by us and that will be used to pay the invoice in the period that we have selected. The conversion is done automatically based on the current market price. When the prepaid wallet reaches a certain point, it warns that we are running out of balance and we can recharge it quickly and easily.

METRON NODES

METRON measurement, control and management devices, at the same time, act as a node, with extremely low consumption. They are in charge of storing and verifying all the operations of the network and allow to know the origin of the energy, who consumes it, how much it consumes of the total generated and other data of interest. Consumption is minimal and they do not give any type of reward.

INVESTORS

They are simply players in the general cryptocurrency market, who want to buy and sell this cryptocurrency to earn money or as a safe haven.

PYLONCOIN

The PylonCoin currency is the one that will be used for all payments. This cryptocurrency is characterized by being generated in an automated way by the different generation facilities. At the beginning there will be few of these cryptocurrencies, but with the passage of time and with the generation of them, the number of coins in the market will increase, which will allow, on the one hand, to increase the generation and also, the more that are generated, The more stable the value of each of these coins, which at the beginning will have a high value.

GREEN MINERS

It is based on a reward system, which adds an added value to the generation, without affecting demand too much.

The idea is the prioritization of self-consumption over consumption, therefore, it is sought to make the most of energy. The surplus will be poured into the network, so that someone else can consume it.

They also seek to incentivize investment in renewable energies, providing additional security regarding investment, in order to receive additional compensation, which will be in PylonCoin and which will reduce the return on investment.

Likewise, the number of cryptocurrencies that exist on the network depends solely and exclusively on the generation, so the more generation, the more coins there are, based in this case on the Proof-of-Work or proof of job. In this case, the generation of electricity is work, which generates a certain amount of coins depending on the power generated. Therefore, GREEN MINERS refer to installations and photovoltaic panels or other renewable generation systems.

PYLON NETWORK (PYLNT)

The ICO was based on the Pylon Network (PYLNT), a token from which 3.75 million tokens were generated, which were made available to those interested in entering the financing of the project. Of the total, a total of 633.858 PYLNT were sold, with a part remaining the developers themselves and the rest, 340.297 PYLNT are in circulation. Those interested in acquiring some of the cryptocurrencies are available at Bit-Z. The rest of the token was burned.

PYLONCOIN CALCULATION

For the calculation, several parameters are taken into account. The first of these is the generation in kWh, which is related to the letter 'N'. The next aspect is the Pylon value at all times and is referenced with the letter 'P' in the formula. Another factor to take into account is the national price of 1kWh, represented by 'e', ​​in the formula. Finally, the 'K' factor is implemented, which is a correction value that depends directly according to the country's legislation and the type of installation.