OHM3 Network Capabilities

OHM3 is designed to meet the demands of a decentralized energy landscape. Our network, built on the Optimism layer 2 scaling solution, addresses the critical requirements for high throughput, minimal energy consumption, and negligible transaction fees, ensuring a robust and sustainable energy trading ecosystem.

High Throughput and Scalability

Consider a scenario where ten participants seamlessly share electricity with 9 other participants, resulting in 45 potential transactions per trading interval (typically between five to thirty minutes). Expanding this to a community of 50,000 households with 5% trading among themselves per interval leads to 3,123,750 transactions per interval, or approximately 1,735 to 10,413 transactions per second.

In contrast, traditional blockchains like Bitcoin and Ethereum fall short in handling such high transaction volumes, processing only about five and 20 transactions per second, respectively. OHM3's infrastructure, supported by Optimism, with its rollup technology, significantly enhances Ethereum's scalability, supporting thousands of transactions per second, making it better suited for managing the high-frequency trading activities in a decentralized energy market.

Energy Efficiency

Unlike early proof-of-work blockchains that require significant computational resources and high energy consumption, OHM3 employs an efficient proof-of-stake mechanism. This reduces the computational power and energy needed for data validation, aligning with our commitment to sustainability and carbon-free energy sources.

Low Transaction Fees

For a decentralized energy trading network to thrive, it is imperative to maintain a transaction fee structure that is affordable for all participants. OHM3, leveraging Optimism's low-cost structure, makes it feasible to process thousands of transactions per interval without prohibitive costs. This affordability encourages innovation, inclusivity, and a diverse project ecosystem.

Interoperability and Flexibility

OHM3's compatibility with the Ethereum ecosystem allows it to integrate seamlessly with a wide range of decentralized applications and tools. This interoperability ensures flexibility and enhances the overall functionality of the OHM3 network.

Robust and Sustainable Ecosystem

By utilizing Optimism, OHM3 ensures a dynamic and resilient network capable of handling the demands of a decentralized energy market. The network's high throughput, energy efficiency, low transaction fees, and interoperability create an environment where creativity and inclusivity thrive. This fosters a rich and sustainable ecosystem, facilitating the integration of renewable energy sources and supporting the transition to an equitable energy future.