Solarcoin investment analysis

This interesting blockchain project is a dual algorithm coin. That means that it functions under both POS and POW models, allowing multiples ways for interested parties to earn coins. However, they will swap from a traditional mined method to one that incentivizes those who produce solar power instead.

Solar energy producers will have the opportunity to earn 1 coin for every MHW of energy they produce. This effectively will directly tie the value of the coin to the energy produced. Investors will still be able to earn money by participating in the proof of work phase of the program.

The only issue here is that there are many solar blockchain projects out there, and some of them have very large backing. While a Solarcoin investment could be an attractive option, they may not be able to beat out these larger competitors who offer greater features and larger networks that assist in the buying and selling of this power.

It's possible that SLR will need to step up their game to be a contender here, and investors should explore all of their options before putting any money down.