SolarCoin Rewards Solar Energy Users, Could Allow Users to Trade Unused Electricity
SolarCoin, an altcoin, rewards people for using solar energy. Created in January of 2014, the goal is to provide an incentive to increase solar electricity use globally over the next 40 years by rewarding the generators of solar electricity, according to the SolarCoin Foundation’s website. SolarCoin works like air-miles for Solar electricity generation. It is claimed by people living in homes with solar energy panels or commercial solar electricity producers. One megawatt hour of energy can be redeemed for one SolarCoin. The foundation maintains a public ledger of SolarCoins provided to....
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SolarCoin rewards energy-savers, Ethereum fans look to buy-buy-buy, and Ebitz takes advantage of Zcash’s problems. Want to catch up on your latest altcoin news? Read the stories below. SOLARCOIN. SolarCoin began in January 2014. Its specific purpose is to reward users of solar energy, so it’s a good time to enjoy the benefits of “clean” electricity. People who live in homes using solar energy panels or “commercial solar electricity producers” may claim the currency as they consume their sun-sourced engery. One megawatt hour equals one SolarCoin. The platform keeps an active ledger of....
The blockchain presents the opportunity of becoming a ‘potentially significant enabler’ for U.K. solar, according to SolarCoin co-founder Francois Sonnet. Speaking ahead of his panel on the future of solar technology at the Managing European Solar Assets event next month in London, he said that Bitcoin’s distributed ledger technology could be utilized across a number of different areas in the U.K. such as operation and management (O&M) and peer-to-peer energy trading, according to a report from Solar Power Portal. He said that the blockchain can help calculate any form of data, which....
Lykke, the blockchain based trading platform has announced the inclusion of SolarCoin as one of the tradable assets. As long as humankind exists, the energy sector will continue to thrive. With people gradually switching to alternative, clean energy resources, the Solar energy industry is expected to gain a boost in the near future. Lykke, a Switzerland based fintech platform has understood the potential of SolarCoin and extended trading support to the cryptotoken. Lykke offers a blockchain based trading platform where people can easily trade various crypto based/linked financial assets.....
Most altcoins seem to tweak technical or monetary principles. Here's one with a single purpose: to promote renewable energy. It's called solarcoin, and people are mining it now. The brainchild of Nick Gogerty, principal at Thoughtful Capital Group and self-proclaimed "deep finance geek", solarcoin is designed to reward people for producing energy via photovoltaic solar panels. Gogerty, who advises hedge and mutual funds on equity investing, is all about the mechanics of value creation. He has a book coming out on how to create value in the adaptive economy. The initiative is based on a....
SolarCoin Foundation (SCF) seeks to make its global Cryptocurrency program that rewards owners of solar power systems the first Blockchain currency wallet in space. It will purchase orbital storage capacity on SpaceBelt storage to provide its customers with an inviolable record of their transactions. Blockchain is already being used to track solar power production across the globe. The satellite network, designed to provide secure storage and transport of sensitive data, is a way to securely store SolarCoin, says Nick Gogerty, SCF founder. Cold storage 40 years plan. In a statement to....