Hello, Solareum Community!

As previewed, today’s blog provides a detailed look at our groundbreaking Proof of Generation (PoG) technology. Get ready to dive into a transformative blockchain solution that not only takes the best parts of traditional mechanisms like Proof of Work (PoW) and Proof of Stake (PoS) but also eliminates their worst flaws. PoG is set to revolutionize how we harness blockchain infrastructure, featuring sustainable and decentralized benefits. We will discuss all aspects of PoG, including some previously undisclosed functionalities that promise to enhance our approach to green energy, while also ensuring that users directly benefit from our technology.

Understanding Proof of Generation (PoG)

PoG technology validates transactions by capturing real-time data from renewable energy sources. Our Green Energy Monitor (GEM) devices are integral to this process, functioning as nodes that secure and stabilize our blockchain by writing electricity generation data directly onto the chain. Our devices serve as rapid energy monitors and ensure ongoing transparency and speed in data handling, affirming Solareum's place as a leader in blockchain-enabled energy solutions. 

Why Move Away from PoW and PoS?

Traditional blockchain mechanisms like Proof of Work (PoW) and Proof of Stake (PoS) have their drawbacks. PoW is notorious for its high energy consumption, while PoS often leads to centralization concerns due to its reliance on token-based stakeholding and ​​reputational value. Solareum is setting a new standard with PoG, delivering a sustainable and decentralized approach by directly linking blockchain security to energy production rather than mere token possession or computational power. Additionally, we utilize the data written on-chain to optimize our algorithm for PoG, while still keeping the positive aspects of both PoW and PoS alive.

Node and Validator on Solareum

Our GEM devices do more than monitor energy; they actively contribute to the network’s stability and security. Node operators produce JUL for the ecosystem, which is subsequently converted into SLM as a reward for their validation efforts. This system ensures that node operators are incentivized through a tangible reward mechanism that directly reflects their contribution to the network's operation. 

Validators, typically large green energy producers like solar farms, are integral to our network. To become validators, these producers require an additional device that enhances their transaction validation capabilities. They are compensated with JUL tokens for the transactions they validate. Additionally, their rewards increase in a way similar to how rewards are distributed in a mining pool based on computing power.  

This model promotes an increase in renewable energy production and provides strong incentives for validators to increase their activity. By doing so, they not only enhance their rewards but also contribute to advancing blockchain toward a greener future.

Our  Extension of PoG and the Elastic Token Model 

Solareum's approach to token supply is as innovative as its technology. Our pre-minted supply includes tokens for current and future holders, with supply expansion directly linked to the production of renewable green energy. Think of our system like a progress bar: As our GEM devices record and verify green energy production, this "progress bar" fills up. Every time a specific milestone is achieved, a designated period begins, unlocking a new amount of supply, which are added as a period over time to our block rewards.

This method ensures that the release of new tokens is gradual, aligning with actual energy production and providing sustainable rewards to validators. It also prevents sudden inflation by spacing out the availability of new tokens, directly tying the supply increase to validated green energy contributions. Our upcoming tokenomics will detail these milestones and the specific timelines for unlocking them, ensuring transparency and maintaining balance in supply and demand. Additionally, everyone can transparently see how much energy is produced and recorded on-chain, further enhancing trust and accountability within our ecosystem. This elastic mechanism, driven by our Proof of Generation (PoG), ensures that the Solareum network remains robust and responsive to the actual energy contributions of its participants.

While we had initially planned to finish the audits in Q3, the complexity of refining our unique mechanisms—along with the addition of the extension of PoG and the elastic token model—has required additional refinement to ensure they meet the highest security and efficiency standards. Though this adjustment has slightly shifted our audit timeline, we prioritize a thorough and comprehensive process. This extra diligence will ensure that when the audits are completed, our platform will be secure and ready to deliver the innovative, sustainable blockchain experience our community deserves.

Introducing Recurring PoH for SLM Holders

We’re excited to announce a thrilling update to our Solareum ecosystem! Giving our Proof of Holding (PoH) a recurring comeback, we're introducing a dynamic staking opportunity for all SLM holders. The unlocked tokens, described previously, will be attached to block rewards. A portion of them will be dedicated to those who qualify as validators by holding a specified amount of SLM. These PoH validators will receive rewards over specific periods. As we approach the mainnet launch, we will provide detailed information on both types of validators and outline the milestones for green energy production in one of our upcoming updates.

Through our innovative Proof of Generation (PoG) mechanism, not only can everyone see the green energy milestones being achieved, but we also transparently trigger the subsequent PoH periods. This ensures that as we hit each milestone, the next period of rewards is set in motion, directly benefiting validators involved in renewable energy generation as well as dedicated holders within the Solareum chain who are keen to stake their tokens during these times.

This structured approach not only enriches our commitment to renewable energy but also enhances the value and utility of holding SLM, creating continuous opportunities for our community. Additionally, it acts as an incentive to build a larger community, fostering more growth of the Solareum chain through the validation of our GEM device users.

Future Outlook and AMA Announcement

PoG is set to become the lifeblood of the Solareum ecosystem, introducing innovative ways to manage supply and demand through real-time energy data. This ensures that our blockchain is not only sustainable but also operates with a high degree of transparency and efficiency.

Join us for an in-depth discussion at our next AMA on Thursday, October 10th, at 12 PM EST. We will explore how Solareum is paving the way for a sustainable future in blockchain technology. Prepare your questions and join us to learn more about the exciting developments within our platform.

Blog Schedule and AMA Update

We’re excited to announce a slight change to our blog schedule! Starting next week, our blogs will be published on Mondays, with the next one coming on October 21st. Additionally, our second AMA every month now takes place on our Telegram channel. Mark your calendars for the next AMA on October 31st, 1 pm EST.

Stay tuned for our upcoming updates, including an exciting new addition to our core team, exclusive sneak peeks into our GEM device production process from manufacturing to shipping, and a dashboard demo walkthrough hosted by our very own VP & Co-Founder Josh! 

There's so much more in store—don’t miss out on what’s coming next!