https://youtu.be/H3kl9O8HmesThink about Evcoin as a blockchain innovation based on renewable braking energy. Renewable breaking energy allows vehicles to convert heat energy that is mostly dissipated in conventional braking systems into a usable form. Modern electric vehicles use regenerative braking system to increase efficiency and prolong the lifespan of brakes. Evcoin interacts with electric vehicles by using a custom OBD2 Bluetooth receiver. The interaction results in the conversion of braking energy into a valid cryptocurrency--the Evcoin. Drivers can use these coins to pay for electric vehicle recharge using a custom Radio frequency identification (RFID) card.
Evcoin performs two equally important functions. First, it encourages people to adopt new renewable energy, and second, it serves as an incentive for adoption. Evcoin is an ERC20 compliant cryptocurrency. It runs on the Ethereum blockchain, one of the most widely adopted in the world. While other cryptocurrencies could face adoption problems in the future, Evcoin users will continue to grow. The blockchain remains the likely future of money and transactions, and the world aspires to sustainable renewable energy. Evcoin is a novel combination of the blockchain and renewable energy.
Using Evcoin means a lot of possibilities. It eliminates indirect rebound effects by directing savings from energy spending into sustainable use. Transaction on the Ethereum blockchain takes about 10 seconds. With this, users of Evcoin will enjoy speedy transactions worldwide. Like its native Etherium, developers can also create smart contracts on Evcoin. Smart contracts are programmed agreements that execute themselves whenever the criteria set for such agreements are met.
Evcoin is decentralized. No individual or group mediate transactions between users of Evcoin. Mining takes place as users use regenerative braking electric vehicles, and every user gets a commensurate reward for energy saved.. Evcoin is easy to use, and when it launches its Radio Frequency Identification card, it will be Evcoin all the way.
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