Traditional blockchains are primarily energy consuming. Solareum’s approach reimagines this by tying validation to renewable energy generation, offering an eco-friendly alternative.
Why it matters?
There’s a rising global commitment to
sustainability combined with a growing emphasis on decentralised energy ecosystems, focused on renewable sources.
The advantage of PoG
PoG is not just eco-friendly. It eliminates the vulnerabilities of centralization and manipulation that is rife in traditional systems.
Core Token
Solareum (SRM) : Facilitates transactions and governs the network.
Innovation
Solareum L1 introduces the revolutionary Proof of Generation, focusing on precise electron flow tracking and energy generation correlation.
Data Collection
Seamless and accurate through state-of-the-art third-party hardware
Smart sensors and FPGA hardware equipped with Solareum's algorithmic software.
Computation
Data processed post rigorous computation and validation, optimizing Solareum L1's performance.
Security Boost
BLS12-381 elliptic curve with 128-bit security employed for zk-SNARK proof reporting. Ensures genuine and trustworthy energy generation records.
Emerging Concerns
In January 2022, the European Securities and Markets Authority advocated for a move away from the energy-intensive Proof of Work (PoW) model to the more sustainable Proof of Stake (PoS) model.
By November 2022, New York mandated a two-year pause on cryptocurrency mining that isn't powered entirely by renewable energy.
Solareum’s
Solution
Instead of using energy-consuming GPUs for mining, Solareum's consensus algorithm is fuelled by ongoing renewable energy generation.
This innovative approach presents a sustainable and efficient alternative to traditional blockchain models, positioning SolareumChain as a leader in eco-conscious blockchain technology.
Solareum offers an advanced solution that not only addresses these energy concerns but also significantly improves upon the PoS model.
Objective: To ensure the performance, security, and reliability of validators using advanced mathematical techniques.
01
Importance
of Validators
Crucial for maintaining Solareum's Layer 1 blockchain integrity.
Guarantees secure and efficient transactions.
02
Validators are organized into sets based on types, with different energy generation methods.
These sets allow for a comprehensive understanding of each validator type within the SolareumChain ecosystem.
Discover the decentralized world of blockchain, where validators play a pivotal role in ensuring transaction integrity and consensus, fostering security, transparency, and trust across the network.
Blockchain Functionality and Validator Significance:
Solareum’s
approach
Fields in sequence:
SRM IOT device installed to local power generators
IOT measures power generation and consumption
Values calculated by proprietary algorithms and uploaded to SRM network *block decoded
Decoded block forwarded to alternate validators for confirmation
Rewards paid out to validators based on volume of energy produced (>power = >rewards)
Next block is generated, begin from step 3 again
Proof of Hold (PoH)
Solareum recognizes holders surpassing a specified threshold. These holders automatically participate in a unique "Proof of Hold" algorithm, acting like auto-staking for consensus.
Over varying time intervals, the PoH reward system is updated, ensuring fair distribution based on holdings.
Solareum's Exclusive NFT Multipliers
Harness the power and unique attributes of Solareum's ERC-1155 NFTs. These NFTs not only hold collectible value but also act as multipliers to boost blockchain validation rewards.
Solareum's consensus algorithms are not only a unique, patent pending validation mechanism. We offer an entire ecosystem of utilities providing benefit to a multitude of users.
Bridge
An affordable, seamless way to transition on-chain assets from other environments to the Solareum ecosystem.
Web 3 Social Login
Simplifying the Web3 experience, Solareum leverages social logins. For less engaged users, this removes the complexity of storing Private Keys and other complicated mechanics of Web3.
Ai Dashboard
Solareum’s AI powered dashboard provides users with real time data specific to their energy production, consumption, validator rewards, and ways to optimize efficiency in all of those avenues.
Climate change initiatives
By offering renewable energy producers an additional reward for generating their power, Solareum has provided a unique incentive system to encourage positive change to our climate
Additional ReFi
Focused Initiatives
Solareum has also incorporated Solareum Foundation™ which centres around the education and raising awareness of renewable energy amongst other elements.
Decentralized Exchange
Our decentralized exchange (DEX) is a platform for peer-to-peer trading that operates without a central authority, utilizing blockchain technology and smart contracts to enable direct transactions between users.
BLS Key
Generation
Traditional blockchains are primarily energy consuming. Solareum’s approach reimagines this by tying validation to renewable energy generation, offering an eco-friendly alternative.
Post-Quantum
Security Backup
Solareum emphasizes post-quantum security, inspired by ERC-2333 with a focus on BLS12-381 Key Generation.
Use of Lamport key pairs for an additional security layer. In case of quantum advancements, a seamless transition plan exists, potentially pivoting to Falcon signatures or following NIST guidelines on post-quantum standards.
01
Fees on chain
Interacting with Solareum's layer 1 blockchain provides a steady stream of revenue by way of micro transactions. These are found through use of our DEX, Bridge and Launchpad.
02
SAAS
Subscription
For access to all energy production and consumption data, Solareum offers a central hub for viewing this information. We enable a tailored experience priced as a tiered subscription model. This could be as affordable as $0 for entry level users, or a personal pricing plan for Ad Hoc customers with unique demands.
03
Hardware
Sales
To access our information systems and generate block rewards through Proof of Generation®, users are required to install our proprietary FPGA/IOT device to their existing renewable energy generation equipment.
Ending Poverty
Affordable
& Clean Energy
Industry Innovation
& Infrastructure
Sustainable Cities
& communities
Corey
MacMichael
CEO
David
Donovan
COO/CTO
Broc
Chab
CMO
Josh
L'Heureux
Vice President - Strategy
Chris
Jeghers
Head of Community
Xun
Chen
Strategic Advisor
Q4 2023
Dashboards
conceptualized (MVP/PoC)
SaaS Dashboard Public
Product Demos
Solareum Foundation Incorporation (Canada)
Business Development Outreach/Partnerships
Public Whitepaper Release
Layer 1 Architecture Finalized
Fundraising for Layer 1 Development
Q1 2024
Ongoing
Marketing Campaigns
Layer 1 Testnet
Solareum Developer
Program launch Corporate Outreach and Go-To Market Strategy Campaign
Layer 1 Mainnet
(Internal- testing, scaling)
IOT Device R&D and Prototyping
Q2 2024
Phase 1: Layer 1 mainnet (partnership
development/testing)
IOT Device Beta
Release and Testing
Commercial Partnership Announcements
Layer 1 Launch Marketing Campaign
Migration Plan to Layer
1 Released
Q3 2024
Phase 2: Layer 1 mainnet
Layer 1 Public Bridge
opening for migration
IOT Device Public Beta
Continued Business Development
and Geographic Expansion
Ongoing Marketing
and Strategic Outreach
Commercial Partnership Announcements
SaaS Dashboard Beta Release
Q4 2024
Phase 3: SaaS Dashboard Public Release with subscription model
Continued Business Development
and Regional Expansion Ongoing Marketing and Strategic Outreach
Commercial Partnership
Announcements