SolarCoin SLR to Orbs ORBS Exchange

Crypto Pair Details: SLR to ORBS

SolarCoin SLR

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 non-circulating 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.

Orbs ORBS

'Orbs was built to bridge the unoccupied gap between the functionality of a public blockchain with the ironclad security of a private one. In a time where people are trusting major companies less than ever before, those enterprises can, at best, ask users to trust them. By empowering those enterprises with the option of operating on a public blockchain safely, Orbs grants them a major competitive edge in the form of digital guarantees to users: No need to trust when users can simply verify. '

SOURCE: COINGECKO

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