Review on SolarCoin by francis fernandez
promotes the use of solar energy as an ecological, economic resource and generator of rewards
Electric energy is nowadays as necessary as water; however, the increase in its use contributes in the long run to environmental deterioration. For this reason, some alternative energy means have emerged; such as solar energy production. This proposal is welcomed by SolarCoin.
SolarCoin is a cryptographic platform that makes use of blockchain resources to create a network of solar energy producers who are rewarded through the network's native cryptocurrency: SLR for their participation.
How much do SolarCoin producers get?
The reward system for production of the digital currency is one SLR for each MWH (mega watt / hour) produced from solar energy.
In addition to these types of rewards; producers enjoy certain benefits in the network, such as the option to obtain subsidies from state entities or carbon loans.
What qualities make this ecosystem so valuable?
SolarCoin besides being an ecosystem with a conservationist philosophy of the environment; is an organization that promotes the global participation of anyone in the production of solar energy without the need for external control or intermediaries.
It also allows you to use its cryptographic protocol to purchase goods and services, make electronic payments and make exchanges for other cryptocurrencies.
The SolarCoin network is already present in more than 73 countries; where people can participate for free in your production network.
Pros
- Promotes the use of solar energy as an economical fuel source
- Promotes the conservation of the environment through the use of an ecological resource
- Offers a reward system for solar energy producers
- Reduces electricity production costs
- Free to use platform
Cons
- No downside
New products
Comments (1)
March 25, 2021
Just as the world of cryptocurrencies is seen as the future of the world economy, in the same way the production of alternative energies will be the future of the energy development of this planet. This type of initiatives, which stimulate the generation of clean and non-polluting energy (such as solar or wind) in exchange for cryptoassets, are the starting point for the increasing substitution of fossil fuels for clean energy. I found this review very educational and very well explained.
