SolarCoin ( § ; SLR ) is a cryptocurrency launched in January 2014 and implemented to incentivize global solar electricity generation.
The supply of SolarCoin is designed to last forty years, delivering incentives for generating 97,500 TWhShow more [+] of solar electricity.
SolarCoin is backed by two forms of proof of work. One is the traditional cryptographic proof of work associated with digital currency. The other proof of work is a third-party verified meter reading representing 1 MWh of generated solar electricity. SolarCoin is equitably distributed using both of these proofs of work as a means to reward solar electricity production.
SolarCoin can be claimed by individuals living in homes with solar panels on their roof or large solar electricity farms, whether leased or financed.
SolarCoin will purchase orbital storage capacity on SpaceBelt storage to provide its customers with an inviolable record of their transactions.