Mainstreaming Solar Energy with Prosumers through SolarCoin.
"SolarCoin is like airmiles for global solar electricity producers" Joseph Zitoli, SolarCoin Foundation.
SolarCoin (www.solarcoin.org) is a global solar rewards program acting independently and additionally to existing Government-backed subsidies and for a period of 40years. SolarCoin is a Digital Asset created as a means to reward solar energy generation and solar energy producers (both PV and CSP) and incentivize for further solar growth throughout the world. SLR are granted at the rate of 1SLR per MWh of solar power produced. SolarCoins have been granted to solar power producers in 68 countries with over 11.000.000 SolarCoins granted at end September 2018.
"We have granted 11 TW hours of energy. This is equivalent to the energy use for a month of 11million US households. That is a huge number and puts the scale of project into play! SolarCoins have now been distributed in 68 countries and we now have 30 international affiliates." Nick Gogerty, SolarCoin Foundation.
SolarCoin is a Low-Cost Low-Carbon Solution for transferring value (ie both SLR, Carbon Credits...) and Data : ie: kWh produced and Location, and as the tools developed with the SolarCoin Community are open source and open-licence, the aim is to allow for using the SLR Blockchain as a Standard Solution in the Solar Industry.
Low Cost Solution :
SolarCoin uses a transaction fee of 0.0001 SLR per transaction, much less than the Bitcoin or Ethereum protocoles, currently using up to 0.15USD for a single transaction. Additionaly, the SolarCoin POS-Blockchain can process 20 times more transactions than the current BTC Blockchain ; further, any developments to the BTC Blockchain in increasing speed and redundancy would also be beneficial to the SolarCoin Blockchain.
Low Carbon Solution :
The SolarCoin Blockchain is based on PoSt Algo, hence fairly easy to distribute with participants (ie: participants can act as a node-validator in the SolarCoin Blockchain simply by downloading the SolarCoin Wallet) ; this comes in sharp contrast to the Bitcoin and Ethereum Blockchains (and other PoW Blockchains) which require participants to use Servers (and "mining equipment") to participate as a node-validator and hence requires lots of energy.
About SolarCoin
SolarCoin is the world’s largest community-based solar electricity reward program. Its alternative digital currency may be claimed by individuals with solar-powered homes or commercial solar electricity producers. The project promotes the use of clean, environmentally sustainable energy, with the eventual goal of shifting the levelized cost of energy away from fossil fuels. The SolarCoin Foundation and related affiliates are acting in the field of Blockchain Technology and Digital Assets, with the following related internet sites and companies participating: www.solarcoin.org, www.solcrypto.com, www.electricchain.org and www.solarlux.energy. The Mission of the SolarCoin Foundation is to help deliver more Solar Energy globally and initiate the Global Energy Transition.
SolarCoins can be distributed easily in a three step - five minute process: by downloading the Coinomi Wallet here or the SolarCoin Wallet here and start accepting SolarCoins! The network is open to billions of users!!
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