SunElectrum
Digital Money for the Next Millenium
Backed by the Power of the Sun
SunElectrum turns sunshine into digital money. SunElectrum modules measure power output from solar panels, and create digital currency called sundivis for solar power producers. When your solar panel produces enough watt-hours, your SunElectrum module makes a sundivi – a dividend from the sun.
When the SunElectrum network opens to the public, anyone will be able to use sundivis over the Internet, at participating businesses, or face to face between individuals. You’ll need solar panels to make new sundivis, but you’ll be able to make and receive payments using SunElectrum digital money without having to create sundivis yourself. All it will take is a SunElectrum-enabled digital wallet on your phone, computer, or other compatible device to complete sundivi transactions.
How It Works
SunElectrum modules make sundivis
Solar power output is measured by SunElectrum modules attached to your solar panels. The more solar electricity you produce, the more digital money you make. Every SunElectrum module has a unique signature based on Physical Unclonable Function (PUF) technology. PUF is the most advanced hardware verification mechanism in existence, and SunElectrum is the only digital currency system in the world that uses it. This technology ensures that only a real solar panel generating electricity can make a sundivi. Sundivis can’t be counterfeited by fake modules or malicious software.
New digital money is sent to your SunElectrum-compatible wallet
Your SunElectrum modules connect over the Internet to the SunElectrum network, and deposit the newly created sundivis in your digital wallet. SunElectrum solar stations are interconnected to form a mesh network. The network verifies your SunElectrum module’s PUF signature to confirm that the new digital money is the real thing. This is how the SunElectrum system guarantees that every sundivi is truly a dividend from the sun.
The SunElectrum network processes transactions securely and efficiently
Sundivis are exchanged on the SunElectrum blockchain. Blockchain technology started with Bitcoin, SunElectrum’s ancestor in the digital currency world. The blockchain networks used by Bitcoin and most other digital currencies rely on a system called Proof of Work to ensure transaction security. Proof of Work was deliberately designed to be extremely energy-intensive.
SunElectrum turns that wasteful model upside down. The PUF signatures of SunElectrum modules are the foundation for secure sundivi transactions on the SunElectrum blockchain, so SunElectrum transactions are secured by the process of generating clean power. This energy-efficient, scalable, next generation blockchain security system is called Proof of Watts.