- Solarcoin is a Scrypt based alternative #digital-currency and its innovation comes from the secondary proof of work reward: the Solar Proof of Work. - Green #solar-energy producers are entitled to receive one SLR for every MWh electricity generated. - In order to claim a Solar Proof of Work reward,solar plant owners must submit 3rd party verified energy generation certificates such as a Solar Renewable Energy Certificate SREC or equivalent country specific documentation. - All Solar Proof Of Work rewards will be stored as transactions in the blockchain.The supply of SLR comprises of the following: The Mining Pool: 105 million Solarcoins 0.1% to be publicly mined over the next 40 years. - All publicly mined Solarcoins represent historically generated and unclaimed solar electricity. - The Generator Pool: 97.5 billion SolarCoins 99.4% are currently stored in the OCA noncirculating generation pool account. - These will be exchanged for Solar Proof of Work claims of solar electricity generation submitted over the next 40 years at the rate of 1 SLR per MWh of solar energy. - The Genesis Pool: 500 million Solarcoins 0.5% are stored in the genesis pool account for environmental charities,early volunteers,advisers,builders and maintainers of SolarCoin infrastructure. - Genesis pool circulation is capped so that it will never represent more than 5% of total Solarcoin in circulation..
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