SolarCoin compared to Bitcoin

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SolarCoin is not a replacement for Bitcoin. It is a complementary currency using blockchain technology implemented to incentivize Solar electricity generation.


SolarCoin


Bitcoin

Incentivize global solar electricity

Goal

Create a decentralized currency

SolarCoin Foundation

Originators

Satoshi Nakamoto

2014

Launch date

2009

Open source community

Project support

Open source community

98.1 billion

Maximum issuance

21 million

Stable to incentivize Solar electricity producers

Currency target value

Free market Supply & demand

Coins & paper wallets (bills)

Physical format

Coins & paper wallets (bills)

Proof of Solar 1MWh generation & proof of cryptographic work by algorithm

Equitable circulation methodology

Proof of cryptographic work by algorithm

1 MWh of solar electricity generation

Value representation

na

Windows, Linux & MacOS

Operating Systems

Windows, Linux, MacOS, Android & others

Pseudonymous

Anonymity

Pseudonymous

SolarCoin Foundation

Largest holder of reserve currency

na

1440 blocks (daily)

Difficulty adjustment

2016 (2 weeks)

100 SLR

Initial block reward

50 BTC

SCRYPT

Hashing Algorithm

SHA-256

LiteCoin source code fork

Source Code

Bitcoin original source