Why is classic SolarCoin migrating to an Ethereum-based blockchain, what are the advantages of doing so?
When SolarCoin started, blockchain technology was in its early stages. Several compromises had to be made, such as a large pre-mine. In order to take advantage of advances in blockchain, as well as provide compatibility and the best end-user experience possible, we are migrating. More detail is available in the Overview.
Has the mission changed?
No — the purpose of the SolarCoin project is still the incentivizing of solar energy production with a 40-year time horizon.
What is the overall procedure for migrating to…
SolarCoin started as an idea and a Litecoin fork in 2014. The blockchain ecosystem has improved drastically since then, but the existing SolarCoin wallet software has been left behind. It’s time for a change.
We’re excited to announce that we are migrating to the Energy Web Chain, an Ethereum-based chain built by the Energy Web Foundation that uses Proof Of Authority, a consensus algorithm that uses considerably less energy and carbon than the Ethereum proof-of-work mainnet. The Energy Web Foundation is taking steps to make the blockchain carbon neutral.
After 7 years on our existing blockchain, the SolarCoin project is undergoing an upgrade. The blockchain ecosystem has evolved drastically since our inception, and the current chain doesn’t meet the needs of our customers, nor does it serve our 40-year mission to incentivize solar energy.
We need to grow the grow the SolarCoin network of participants and the potential value of the incentive, and that means integrating into an environment that gives customers state-of-the-art tools to hold, spend, trade, innovate, and accept SolarCoin.
That means an Ethereum-based solution, but the energy and associated carbon required to power the Ethereum main…
Beginning on Thursday, November 15, at 12PM UTC, the following pairs will be listed:
SolarCoin is an open-source, low-carbon, blockchain-based rewards system. This carries enormous benefits and provides ample opportunity for anyone with an idea to innovate: anyone can join the ecosystem with services, wallets and offerings. …
Nov 1, 2018 — Abu Dhabi
The SolarCoin Foundation PBC has joined the International Renewable Energy Agency (IRENA) Coalition for Action, a key international network for the Global Energy Transition.
“By joining the coalition, SolarCoin and IRENA can work more closely in promoting a Solar Economy and to address the various economic issues related to solar energy and renewables development” — Nick Gogerty, Co-founder of the SolarCoin foundation.
In January 2014, the International Renewable Energy Agency (IRENA) and 35 global industry and civil society organizations focused on renewable energy signed a Joint Statement on Forming a Coalition for Action to…
The SolarCoin foundation has launched a service to reward solar energy home owners with free SolarCoin across 68 countries. Homeowners can now automatically import their data from most of the largest solar platforms and claim their rewards in under 2 minutes.
SolarCoin (SLR) is a free solar energy incentive program given to homeowners and other producers of solar energy. Each verified megawatt-hour (MWh) of produced energy is rewarded with 1 SolarCoin.
Solarcoin can be used like Bitcoin: saved, spent, or traded on exchanges around the world for Bitcoin, US dollars, yen, pounds sterling, and other currencies. Over the past two…
Originally published 2018–08–07
An independent Legal Firm has rendered an opinion as to whether the SolarCoin token (“SLR”), is likely to be deemed a security under U.S federal securities laws, and whether SLR is subject to regulation as a commodity. While the Security Exchange Commission (“SEC”), a U.S. court of competent jurisdiction, or a cryptocurrency exchange, may reach an alternative conclusion to that stated, SolarCoin presents the attributes of a currency.
SolarCoin was created in 2014 as an open community project run by volunteers and the founders of the SolarCoin Foundation, a Delaware registered Public Benefit Corporation. SLRs are blockchain-based…
Originally published 2018–07–24
GoldCoast, QLD, Australia on the 24th of July 218
MySolarPay joins the SolarCoin Foundation.
MySolarPay enters the SolarCoin ecosystem as an official affiliate to provide large and small-scale solar asset owners in Australia with the support they need to understand and adopt the SolarCoin Initiative. SolarCoin is a blockchain digital asset that works like air-miles for solar electricity generation. SolarCoin offers a new incentive for solar power generation on a global scale, independently and additionally to existing government subsidies.
Each SolarCoin in circulation represents 1 Mwh of solar electricity generation.
“As Solar Energy Production continues to rapidly…
Originally published 2018–07–18
Switch Energy joins the SolarCoin Affiliate Network to help increase Solar in Canada
Ottawa, Ontario, Canada on the 16th of July 2018
Switch Energy announced today its new partnership with the SolarCoin Foundation.
Switch Energy enters the SolarCoin ecosystem as an official affiliate to provide large and small-scale solar asset owners in Canada with the support they need to understand and adopt the SolarCoin Initiative. SolarCoin is a blockchain digital asset that works like air-miles for solar electricity generation. SolarCoin offers a new incentive for solar power generation on a global scale, independently and additionally to existing…
ModulTrade has signed an agreement with SolarCoin to unite efforts in development of blockchain based trading networks and gain access to users of SolarCoin to ModulTrade products.
The SolarCoin community, with over 9m people across 63 countries, will be able to:
Once this integration takes place, ModulTrade will enable payment with SLR when users of…