What is Solarcoin?

Solarcoin is a digital currency based on the Scrypt algorithm, utilizing a secondary proof of work model known as Solar Proof of Work. This model allows green solar energy producers to receive one Solarcoin (SLR) for every megawatt hour (MWh) of electricity generated, contingent upon the submission of third-party verified energy generation certificates. All rewards from the Solar Proof of Work are recorded on the blockchain.

The overall supply of Solarcoins consists of 105 million reserved for public mining over 40 years, 97.5 billion stored in a non-circulating generation pool for future claims, and 500 million in a genesis pool allocated for environmental initiatives and early contributors. The genesis pool is limited to a maximum of 5% of total circulation.