What is SolareumChain?
Solareum Inc. pioneers the future of blockchain technology with SolareumChain, a cuttingedge Layer 1 (L1) blockchain system, empowered by our innovative Proof-of-Generation (PoG) consensus validation mechanism. Unlike traditional blockchain networks that rely on energy consumption for validation, SolareumChain redefines the paradigm by anchoring its validation process in renewable energy generation. At its core, renewable energy production serves as the driving force behind SolareumChain’s security, with the native token, Solareum (SRM), facilitating transactions and governance.
In an era marked by an escalating commitment to sustainability, decentralized energy ecosystems have taken center stage. These ecosystems are characterized by the localization of energy generation, predominantly harnessing the potential of renewable sources such as solar, wind, and hydro power. In stark contrast to prevailing blockchain validation methodologies that consume vast amounts of energy, our PoG protocol aligns perfectly with the ethos of sustainability. Not only is it inherently eco-friendly, but it also negates the vulnerabilities of centralization and manipulation that plague existing systems.
SolareumChain opens the door for renewable energy producers, including solar farms, wind farms, tidal farms, geothermal installations, and even individual rooftop solar panels, to participate as validators. By continuing their primary function of generating renewable energy, these entities simultaneously fortify the security of Solareum’s Layer 1 blockchain. This revolutionary approach extends inclusivity to individual households and businesses that have invested in renewable energy generation installations. As a result, it fosters a decentralized and competitive landscape within the energy marketplace, democratizing the power of renewable energy in the blockchain space.
Last updated