Ethereum Coin Live Price and Renewable Energy Cryptocurrency
Solar Coin is a digital currency launched in January 2014 that seeks to promote the worldwide development of photovoltaic solar energy, using one of the most disruptive technologies of recent years: the block chain, often confused with Bitcoin Solar Coin and Eclipse Token uses this technology to generate a decentralized, incorruptible and auditable record of the Renewable Energy Cryptocurrency produced by any individual or company. When registering an installation in the Solar Coin block chain, the owners of the installation receive a digital credit for each Megawatt-hour produced.
So far producers from 39 countries around the world, including Argentina, Brazil and Mexico, were awarded with thousands of solar coins. Ethereum Coin Live Price varies country to country. That is why the United Nations Framework Convention on Climate Change (UNFCCC) has issued a statement highlighting the advantages of block chain technology and its ability to apply innovative solutions to help meet commitments of the Paris Agreement and the fight against climate change.
The development of Renewable Energy Crypto transformed the transport and electrical distribution networks. Today the consumer can already sell their energy to the network. The recording of the movement of electrons by networks, the valuation of energy and the measurement of consumption, can now, thanks to Block chain, be done immediately, transparently, economically and without the need for intermediaries. Blockchain allows in a network that a user generating solar power can program that interconnected network, so that without intermediaries define how and when you want to consume that energy, put a price, compare it with other suppliers, search for buyers, distribute it among several suppliers, sign a inviolable contract certifying the operation, and everything executed independently and almost immediately, with an inviolable record (visible to all) and detailed of each and every one of these transactions and operations.
How Solar Coins are earned
The operation of the Solar Coin is similar to that of a frequent traveller miles program. Any owner of a photovoltaic solar installation can request and claim their Solar Coins without cost.
This means that a residential solar installation with a power peak of 3 kWp will receive about 4 SLR annually. The Solar Coins are granted by the Solar Coin Foundation to the address of the electronic purse of the solar owner. Subsequently, every 6 months, the Solar Coins will be sent to the solar owner, taking into account the energy produced. For the first online registration, the subsidy is also retroactive to the interconnection date to the network, or January 2010, whichever occurs first.
The current value of a Solar Coin will provide an effective incentive for people to buy solar panels and possibly act as a substitute for current food tariffs and encourage more people to participate in renewable energy.
SolarCoin is currently accepted as a form of payment by some electricity distributors in France and is exchangeable for other currencies such as Bitcoin or Ethereum, euros or dollars in online markets.
SolarCoin has received the recognition and support of international entities such as IRENA, Solar Power Europe and the Convention for Climate Change of the United Nations.
