What is SolarCoin?

"SolarCoin is an alternative digital currency that works like air-miles for Solar electricity generation. SolarCoin is claimed by individuals living in homes with solar panels on their roof or commercial solar electricity producers.

Solar energy, unlike fossil fuels, does not place excess heat or carbon into the atmosphere. The goal is to provide an incentive to produce more solar electricity globally by rewarding the generators of solar electricity. SolarCoin is intended to shift the cost of electricity, thereby reducing the payback time of a solar Installation.

In working closely with the solar industry, the SolarCoin Foundation, with SolarCoin, is at the base of a virtuous circle, creating an uptake for solar equipment and helping create jobs in the Renewable Energy sector. Each SolarCoin in circulation represents 1 Mwh of solar electricity generation."

-SolarCoin.org
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General

TICKER SYMBOLS
SLR
AGE
6 years old (December 21, 2013)
CURRENT PRICE
$0.018022
Updated 4 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$0.686483
Last year
CIRCULATING SUPPLY
55,686,190 coins
Updated 8 minutes ago via coinmarketcap.com
MARKET CAP
$1,003,560
Updated 4 minutes ago
CO-FOUNDER
Nick Gogerty
CO-FOUNDER
Francois Sonnet

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (98,340,000,000 coins)
PRE-MINED / RESERVED
Yes (533,700,000 coins)
CONSENSUS MECHANISM
Proof of Work & Proof of Stake (Hybrid)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
1m
HASHING ALGORITHM
Scrypt
DIFFICULTY ADJUSTMENT
Every block (~1 minute)

Categories

Energy

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