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SolarCoin is a digital currency distributed to incentivize 97,500 TWh of Solar energy over 40 years. SolarCoin is backed by two forms of proof of work. One is the traditional cryptographic proof of work associated with digital currency. The other proof of work is a 3rd party verified meter reading representing 1 MWh of generated solar electricity.
SolarCoin is equitably distributed using both of these proofs of work as a means to reward global renewable energy production. Solar energy, unlike fossil fuels, does not place excess heat or carbon into the atmosphere. The intent is to provide an incentive to produce more solar electricity by rewarding the generators of solar electricity over the next 40 years.
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