Monetizing Sunshine
SolarCoin, Cryptocurrency Reward for Solar Energy Producers
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SolarCoin is a blockchain based virtual currency which was initiated by SolarCoin Foundation to speed up the global renewable energy transition. Private and commercial solar owners registered in the SolarCoin network can claim one SolarCoin for every MWh of energy they produce. Generators of solar energy may receive SolarCoin grants.
SolarCoin Foundation started its revolutionary mission of promoting solar energy in 2014. Since the Foundation has worked with its affiliates to improve the blockchain-based process of monitoring and earning SolarCoins. The monetization of earned SolarCoins is possible via Lykke which is a trading platform for digital currencies.
The SolarCoin Foundation recently announced that the current worth of their project is over $6 billion. They also revealed a launch of a new service, EZonboarding by SolarChange, which provides an easier process for new members to join the SolarCoin network. Now SolarCoin is even launching into Space, a payment facility in an off-planet orbital data centre by SpaceBelt.
Last Year, International Renewable Energy Agency (IRENA) recognised SolarCoin Reward as a potential tool for providing financial support for global solar energy projects. SolarCoins are already granted to solar owners in 27 countries, and the SolarCoin Foundation desires to expand its network.
Learn more about the SolarCoin project by visiting their website. Could this blockchain technology be a groundbreaking solution for promoting sustainability?
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