Pylon Network: Energy Blockchain Platform

What is Pylon Network

Friends, imagine the electricity meter in our homes, which records how much electricity we use. Now, imagine if this electricity usage data was not only visible to the power company, but could also be controlled by ourselves, and even used to buy and sell green energy directly with our neighbors—wouldn't that be cool? Pylon Network (abbreviated as PYLNT) is a blockchain project dedicated to realizing this vision.

Simply put, Pylon Network is an open-source blockchain platform tailored for the energy industry. Its core goal is to establish a “neutral energy data hub,” like a public and transparent ledger that records all energy-related data, such as how much electricity your home’s solar panels have generated, or how much electricity you have used. This platform aims to make energy data more transparent and traceable, allowing ordinary users (like us consumers, or “prosumers” with solar panels at home) to better participate in the energy market.

Its typical use cases may include:

• Energy data sharing and control: You can decide who can access your electricity usage data, and this data is stored encrypted, with only you holding the decryption key.


• Peer-to-peer (P2P) energy trading: Imagine your neighbor has surplus solar power generation, and you can buy directly from them instead of through a traditional power company. Pylon Network hopes to enable such direct and transparent transactions through blockchain technology.


• Green energy certification: The platform can track and certify the source of energy, ensuring that what you buy or use is indeed green and renewable energy.


• Digital energy services: Based on this transparent data, energy companies can provide more personalized and efficient services, such as helping you optimize your electricity usage plan or offering more cost-effective electricity contracts.

Blockchain: You can think of it as a decentralized, tamper-proof digital ledger, where all transaction records are publicly and transparently recorded and maintained by multiple participants in the network, rather than being controlled by a single central authority.

Decentralized: This means that the system or network does not rely on any single central institution for operation and management, but is maintained and decided by multiple participants distributed across different locations.

Project Vision and Value Proposition

Pylon Network’s vision is to make the energy industry more digital, simpler, and allow everyone to participate. Its mission is to make the energy sector more attractive and transparent, enabling any energy participant to provide personalized digital services for consumers and energy companies.

The core problems it aims to solve are the inefficiency, lack of transparency, and low consumer engagement in traditional energy markets. In the traditional energy system, we as consumers are often passive and know little about our own energy data and sources. Pylon Network hopes to empower end users through blockchain technology, enabling them to control their own energy data and actively participate in the energy market.

Compared to similar projects, Pylon Network’s uniqueness lies in its focus on building an open-source blockchain protocol for the energy industry. It is not just a trading platform, but a neutral data hub designed to facilitate cooperation and communication among all stakeholders in the energy market (including consumers, prosumers, energy retailers, etc.).

Technical Features

The technical core of Pylon Network is its open-source blockchain code developed specifically for the energy industry. This blockchain is designed to be fast, secure, scalable, and extremely energy-efficient, aiming to become the digital communication platform for the energy sector.

It adopts a hybrid consensus mechanism, combining features of “Proof of Stake (PoC)” and “Proof of Work (PoW),” and is a fork based on the algorithms of Litecoin and CREA coin. This design aims to achieve higher scalability, capable of handling thousands or even millions of transactions per second.

Consensus Mechanism: Simply put, this refers to the rules and methods by which all participants in a blockchain network agree on the validity and order of transactions, ensuring the security and consistency of blockchain data.

Pylon Network also introduces a dual-token system: PYLNT and PYLNC. PYLNT is an ERC-20 token based on Ethereum, representing participation rights and distributed revenue rights on the Pylon Network platform. PYLNC is Pylon Network’s own native coin, used to pay for service fees, transaction fees, and as an incentive mechanism to support network operation and node maintenance.

Tokenomics

Pylon Network’s tokenomics revolves around the two tokens, PYLNT and PYLNC:

• PYLNT (Pylon Token): This is an ERC-20 token, initially issued on Ethereum, representing “ownership” and security assurance of the Pylon Network platform. Investors holding PYLNT can receive a share of the platform’s generated revenue, distributed in the form of PYLNC. Its total supply is 633,858 PYLNT, with a circulating supply of about 602,010 PYLNT.


• PYLNC (Pylon Coin): This is Pylon Network’s native cryptocurrency, used to pay for various services and transaction fees on the platform. PYLNC is generated through a “green mining” system, aiming to utilize surplus renewable energy from small-scale producers to achieve a low-energy mining process.

Token: In the blockchain world, a token is a digital asset that can represent certain rights, currency, or services. ERC-20 tokens are a standard type of token issued on the Ethereum blockchain.

Mining: In some blockchain networks, mining refers to using computer power to solve complex mathematical problems, thereby verifying transactions and creating new blocks. Successful miners are rewarded with cryptocurrency.

Important Note: According to the latest market data, price updates for Pylon Network (PYLNT) have stopped, 24-hour trading volume is $0, and it is marked as “inactive.” This means the project currently has very limited market activity and may have even ceased. Please be sure to note this situation when considering any actions related to this project.

Team, Governance, and Funding

The Pylon Network project was initiated by a team in Spain, originally driven by Klenergy and Horizon Proyectos Energéticos S.L. and other organizations. In the 2017 ICO (Initial Coin Offering), the project raised about $245,000. The white paper mentions some core members, such as Markos Romanos (COO).

ICO (Initial Coin Offering): An initial coin offering is a way for blockchain projects to raise funds by issuing their own cryptocurrency.

Regarding the project’s specific governance mechanism and treasury details, publicly available information is relatively limited. The project emphasizes its open-source nature and encourages community participation and design improvements.

Roadmap

Pylon Network’s historical milestones are mainly concentrated in the early stages of the project:

• July 30, 2017: Project officially launched.


• September to November 2017: ICO conducted, raising about $245,000.


• January 2018: Released open-source blockchain code for Pylon Coin, emphasizing its low-energy algorithm designed for the energy industry.


• 2018: Conducted a prototype test for renewable energy tracking and payments in Spain in cooperation with local energy cooperative GoiEner.


• Q1 2019: Planned to enter the commercialization stage.


• June 2020: Released a summary update on tokenomics.

Currently, there are no clear updates on detailed future plans and key milestones for Pylon Network in publicly available information. Given that its token is currently inactive, its future development path is also uncertain.

Common Risk Reminders

When learning about Pylon Network, there are several potential risks that friends should pay special attention to:

• Project activity risk: The most important risk is that, according to multiple cryptocurrency data platforms, the PYLNT token is currently “inactive,” with 24-hour trading volume at $0 and price updates stopped. This strongly suggests the project may have ceased development or maintenance, or its ecosystem is no longer active.


• Technical and security risks: Although the project claims its blockchain code is customized for the energy industry and open source, any blockchain project may face technical vulnerabilities and security attack risks. In addition, if the project is no longer actively maintained, its security may not be updated or guaranteed in a timely manner.


• Economic risk: Since the token is inactive and has no trading volume, its liquidity is extremely poor, making it almost impossible to buy or sell. This means investing in this token may face the risk of being unable to exit funds.


• Compliance and operational risk: The white paper once mentioned that the platform’s functions may be adjusted due to technical limitations, legal, regulatory, or product strategy changes. The energy industry is a highly regulated field, and future policy changes may affect its operations.


• Information obsolescence risk: Most of the available project information was published between 2017 and 2020. Blockchain technology develops rapidly, and information from early projects may be outdated and not reflect their current status.

Verification Checklist

• Official website:
  https://pylon-network.org/


• PYLNT token contract address (new):
  0xd8924385cd46e6af6f377871c732bde2f8e9dd18
  (Ethereum)


• Etherscan link:
  https://etherscan.io/token/0xd8924385cd46e6af6f377871c732bde2f8e9dd18


• GitHub activity: The core code repository mentioned in the project white paper and early articles is
  https://github.com/klenergy/pyloncoin
  . [cite: 6 from previous search] Given that the PYLNT token is currently shown as inactive, it is recommended that you visit this GitHub repository yourself to check its code commit records and update frequency to assess the actual activity of the project.

Project Summary

Pylon Network is an early project dedicated to applying blockchain technology to the energy industry, with the vision of building an open, transparent, and decentralized energy data platform to empower consumers and promote the adoption and trading of green energy. It proposed a dual-token model (PYLNT for ownership and revenue, PYLNC for payments and incentives) and the concept of low-energy “green mining,” and conducted pilot projects in Spain.

However, according to currently available market data, the PYLNT token of Pylon Network is now inactive, with zero trading volume and price updates stopped. This indicates that the project may have ceased operations or its development has stalled. Therefore, although its original intention and technical vision were innovative at the time, its current actual value and development prospects are highly uncertain.

Please note: The above information is compiled from public sources, and most of the materials were published quite some time ago. The cryptocurrency market is highly volatile, and project developments can change rapidly. This introduction is for educational purposes only and does not constitute any investment advice. Please be sure to conduct thorough independent research and risk assessment before making any decisions.