SolarCoin is spendable and tradeable for goods or services, bitcoin or major currencies. SolarCoin incentivizes real-world economic and environmental activity: verifiably produced solar energy.
By using SolarCoin, you actively contribute to providing an incentive for solar energy production. At the same time, SolarCoin is fully usable to make payments for other digital or foreign currencies.
SolarCoin is global, decentralized, and independent of any government. As such you are not depending on a government making decisions on your receipt or use of the reward.
SolarCoin puts protecting natural capital at its foundation. The concept of “natural capital” aims to value the world’s stocks of natural assets (geology, soil, air, water and living things). SolarCoin is the first sustainable currency. Usage as a currency, bring users environmental concerns to the very foundation of economic activity.
This is reflected in our choice of technology: SolarCoin’s blockchain uses a low energy proof of stake algorithm designed to use less than 0.001% of the power of Bitcoin when deployed on similar scales.