IOEN — Scaling with Polygon

Published in

Internet of Energy Network

3 min readOct 21, 2021

“We’re really excited to be a part of Polygon’s growing ecosystem & use their scaling and infrastructure solutions to scale the Ethereum-based layer of the IOEN protocol.” said Dr. Adam Bumpus, Co-Founder at IOEN.

IOEN will begin testing Polygon’s protocol as a way to create greater scalability within its architecture.

Why Polygon?

Using the IOEN protocol, token purchasers will be performing several actions within the IOEN ecosystem. Whether it be staking tokens, using DeFi mechanisms, moving funds, or interacting with other smart contracts. Whilst Ethereum and the ERC-20 token standard have widespread adoption, we’ve seen Layer 1 on Ethereum has challenges with scaling and can cause the transaction fee to be more expensive than what can be justified for a purchase.

Polygon’s growing suite of solutions has the capability to alleviate many of these issues outside of the Ethereum main chain. We see a lot of potential for how this can unlock the capabilities of IOEN microgrids. In addition to this, Polygon makes the entire system far more efficient from an energy consumption and sustainability perspective. A single transaction on Polygon has no more impact than sending an email, which is imperative in a system designed to accelerate the adoption of clean energy technology.

Efficient, fast, and secure

Most importantly, when designing an architecture for the future of energy, gas fees, and transaction fees cannot hinder the expansion of renewable technologies. The speed, price, security, and sustainability benefits make Polygon a no-brainer, and we look forward to seeing how it can enhance the capabilities of the IOEN system.

Building a cleaner future on Polygon

“In order to move towards a net-zero emission future, we need to accelerate the adoption of renewable energy technologies. Local energy microgrids will be a big part of this in the developed and developing world. We are excited that IOEN is building on Polygon, to help scale its microgrid technology.” — Arjun Kalsy, VP Growth Polygon.

About Polygon

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 700+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

About IOEN

IOEN is the next generation of digital energy management and optimisation. IOEN tech enables an interconnected system of virtual microgrids that facilitate transactions within and between local energy ecosystems: from the appliance level to energy generation, storage, and consumption.

We are the backbone of the new tokenised energy ecosystem, building out the global clean energy ecosystem wherever you are, device by device.

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