More detail: https://ohiobitcoin.com/coins/greencoin
Global climate change is an essential issue. Fortunately, there’s now an innovative organization under the name “The GreenCoin Foundation” which is a nonprofit to help people track their carbon savings and then reward them with Greencoins (Symbol: GRE) , a cryptocurrency like Bitcoins. GreenCoin is easy to use. It runs by incenting the hard work performed by renewable producers. For instance, a person who currently has a PV solar system on their home would is acceptable to gain GreenCoins freely. PV solar array owners, an example of renewable asset owners, do useful work with the purpose of alleviating climate change which currently has no additional incentive or reward. More specifically, they generate electrical energy at a reduced carbon output when compared to the average amount of carbon released by the global electrical production effort. This creates a carbon offset for which a benefit is constructed. The asset owner reports their production daily to the GreenCoin Foundation. The amount of carbon savings which the owner has produced is calculated by the processing of the information. GreenCoins are decentralized directly to all of the asset owners reporting for that day in relative proportion to their carbon saving efforts by the Foundation.
