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The NRGcoin mechanism replaces traditional high-risk renewable support policies with a novel blockchain-based Smart Contract, which better rewards green energy. For every 1kWh of green energy, consumers pay 1 NRGcoin directly to the Smart Contract, protecting prosumers from policy changes.
The NRGcoin concept is motivated by the following issues in the energy sector:
NRGcoin is related to numerous other concepts, such as demand-side management and peer-to-peer trading, but it is mainly designed to address the above four issues.
Watch the original 10-minute pitch of the NRGcoin concept as presented at EventHorizon2017, and its most up-to-date version, as presented at EventHorizon2018.
For every 1kWh of green energy consumers pay 1 NRGcoin directly to the Smart Contract. This ratio (1kWh=1NRGcoin) always holds, regardless of…
