Jolt Gas — [JLG]

Tetsu Ku
3 min readFeb 25, 2018

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Democratized EV Charging Network

Jolt is power sharing in a unique way. With over 540,000 Electric
vehicles on the road and under 17k Charging stations, of which most are
only located in heavily populated cities — the need for charging stations in
between metropolitan areas is an ever increasing prevalent issue. Jolt intends to bridge
the gap between distance, and electric vehicle power stations by
curating a global network of individuals who will share electricity from
their home or business and be paid in our ERC20 Token JLT by the customer. Additionally,
partners in our network will be given a frequent payment in the form of Jolt Gas [JLG] as an incentive for
remaining active on the network. Users will be able to locate and pay for Jolt Station usage via our Mobile App.

JoltGas is a safe, anonymous, fast and highly profitable coin
with Masternodes and advanced reward system with Long-Term Development & Support. We would like to welcome you into the future, a cleaner future!

JLT is our ERC20 Token which will be used as a a payment between EV owners and the host of the Jolt station,
each Jolt station will be able to dictate the amount of JLT they charge per use.
This method will keep the network competitive, and offer a benefit to the those in need of charging their vehicles.

Jolt Gas [JLG] is the fuel that will power our network and is an essential aspect of the Jolt Network.
Each host of a Jolt Station will receive a frequent payment in the form of JLG as an incentive to remain active on the Jolt Network.
This payment will be issued from the pre-mine and will serve as a loyalty program.
Jolt Gas is built on our own blockchain and will be maintained and stabilized by our Masternodes.

The advantages of the Hybrid PoW+PoS

The adoption of Hybrid PoW+PoS guarantees the price of Jolt from the PoW side, due to the relatively stable cost of mining. This is because miners will not sell the Jolt Gas earned at a lower price than what it cost them to mine. Additionally, the increasing cost of computing power will support the price of Jolt Gas, alleviating the centralisation problem of a purely PoS mechanism.

Regarding security, PoW progress needs to be approved by PoS, therefore, PoW miners cannot change the rule by themselves which prevent the chance of 51% attack. This helps the network remain secure, however, this is a short-term solution. In order to ensure the integrity of the network in the long term, quantum resistance must be implemented, and the development of which is progressing successfully. This will enhance the security of Jolt Gas and prevent against future attacks which could severely undermine the network.

With these developments and more to come, Jolt Gas aims to continuously contribute to the diversified Blockchain ecosystem.

Wallet:
Windows: https://github.com/JoltDev/Jolt-Gas/releases/download/1.0.0/joltgas-windows-1.0.0.zip

Linux: https://github.com/JoltDev/Jolt-Gas/releases/download/1.0.0/joltgas-linux-1.0.0.zip

Daemon: https://github.com/JoltDev/Jolt-Gas/releases/download/1.0.0/joltgas-daemon-1.0.0.zip

Source Code: https://github.com/JoltDev/Jolt-Gas

Discord: https://discord.gg/PDkZDUX

Slack: https://join.slack.com/t/joltcoin/shared_invite/enQtMzIwMDQwMjY3NjgzLWUxMDhhODNkN2U1MzQ3MzZmY2ZkN2UyZmFhODgyMDcyMzYyNzk1NmFkNWI2NTk0N2E5MDVlNDgwYTVhZTI4YTQ

Website: https://www.ijolt.us/

White Paper: https://drive.google.com/file/d/15a8bMMEmeLHrrY6h1CR_sbpSvsdOz7oq/view

Explorer: http://joltgas.blockxplorer.info/

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