EW focuses on building core infrastructure and shared technology, speeding adoption of commercial solutions, and fostering a community of practice. The Energy Web Chain is a public, enterprise-grade blockchain platform designed for the energy sector’s regulatory, operational, and market needs.
In 2019 Energy Web launched the Energy Web Chain, the world’s first open-source, enterprise blockchain platform tailored to the energy sector. EW’s technology roadmap has since grown to include the Energy Web Decentralized Operating System (EW-DOS), a 'blockchain-plus' suite of decentralized solutions.
EW-DOS features a native utility token, the Energy Web Token (EWT). The token protects the network against misbehavior, compensates validators via transaction fees and block awards, and can be used to pay for services that streamline and enhance dApps. The native EWT is not an ERC20 token. However, the EWT Bridged (EWTB) token, which is an ERC20 token that can be minted through a bridge, offering a method for transferring EWT from the Energy Web Chain to the Ethereum mainnet quickly and cost-effectively.