Polkadot going green?

LOGO

Hello everyone, it’s me sakamu, I am roaming around Polkadot community for more than three years so far, and lately I’ve become Polkadot ambassador, so I want to write my first post here so you can get to know me, and to read about some idea that I want to share with you. In my opinion, idea that can benefit our eco and our environment as well. I’ve spoken with so many people within the eco, and most of them told me it can be interesting, and that I should share it in here, so we can discuss about it and further possibilities, and that’s why I am here, to hear the voice of open world.

I am working for renewable energy company, that is operating in Switzerland, and in Bosnia and Herzegovina, country in Eastern Europe. I am photovoltaic and heating systems energy project manager currently located in Bosnia and Herzegovina. I will write more about solar energy, and cryptocurrencies, and how they are intertwined with each other, and later on I will refer on it how it can benefit Polkadot, to put it in leader spot in this massively transition to green, renewable energy.

SOLAR ENERGY - CRYPTOCURRENCIES

The domains of solar energy and cryptocurrencies have seen a revolution in recent years, altering traditional ideas about energy and financial systems. Although they appear to be different at first, a further look uncovers an intriguing relationship between these two domains, founded on the ideas of sustainability, innovation, and decentralization. Solar energy has become a key component of the renewable energy transition, challenging the dominance of fossil fuels and tackling environmental issues like air pollution and climate change. It does this by using the sun’s plentiful energy to generate electricity.

Comparably, blockchain technology, which is embodied by cryptocurrencies, has ushered in a new era of decentralized finance by transforming cross-border value transfers and exchanges without the need for middlemen. Even though they work in different fields, solar energy and cryptocurrencies have similar ideas that can come together in surprising ways to create a more sustainable future.

DECENTRALIZATION & DISTRIBUTED ENERGY GENERATION

The factor that unites cryptocurrencies and solar power and shapes their paths toward more robust systems is decentralization. By empowering communities and people to generate their own electricity, solar power promotes energy independence and lessens dependency on utilities. People can use the sun’s energy to meet their requirements by installing solar panels on their roofs/ground or taking part in community solar projects, people can harness the sun’s energy to meet their needs, reducing the risks associated with power grids.

With the use of decentralized blockchain technology, cryptocurrency enables peer-to-peer transactions free from middlemen like banks and governments. This decentralized method gives people more control over their assets while improving financial transactions’ security, transparency, and confidence. In line with larger tendencies toward decentralization in a variety of societal domains, cryptocurrency fosters financial autonomy by eliminating centralized authorities from the equation. By adopting decentralization, both solar energy and cryptocurrencies open the door to a more sustainable and fair future where people have more control over their financial and energy resources, promoting resilience and empowerment on a collective level.

ENERGY TRANSITION AND SUSTAINABILITY

The use of cryptocurrencies and solar energy is a step in the right direction for the switch to renewable energy. A clean substitute for fossil fuels, solar energy is essential for reducing environmental damage and halting climate change. Solar power systems reduce dependency on finite and environmentally damaging energy sources by using the sun’s energy to generate electricity without emitting greenhouse gases or other pollutants, while reducing carbon footprint. Because solar resource (SUN) is limitless, switching to solar energy not only helps to protect the environment but also improves energy security and resilience.
This integration also fosters economic growth, job creation, and technological innovation in the renewable energy sector, driving positive change at both local and global scales.

HOW IT CAN BENEFIT CRYPTOCOINS / POLKADOT ?

Tokenization of Energy Assets :

Tokenization is an intriguing area where solar energy and cryptocurrencies interact. Tokenization is the process of converting physical assets, such as solar panels or the energy they generate, into blockchain-based digital tokens. These tokens can be readily traded or swapped on blockchain systems and function as digital representations of the real assets. This invention opens up new avenues for financing solar projects and expanding access to clean energy by enabling partial ownership and simple access to energy assets.

Incentivizing Renewable Energy Adoption :

Cryptocurrency initiatives are investigating innovative ways to encourage the use of renewable energy through Proof of Stake (PoS) and Proof of Work (PoW) systems. PoS cryptocurrencies encourage long-term investment and network participation by rewarding holders with additional tokens for staking their coins. PoW coins, on the other hand, need mathematical labor to validate transactions, which can be supplied by solar or other renewable energy sources. We can foster a partnership that supports sustainable development by coordinating incentives between the generation of renewable energy and cryptocoins mining. In addition to lessening the negative effects of cryptocoins mining on the environment, this integration speeds up the switch to clean energy, making the future more resilient.

Harnessing Synergies for a Sustainable Future :

The connection between solar power and cryptocurrency highlights the exciting possibilities that arise when renewable energy meets blockchain technology. By embracing concepts like decentralization, sustainability, and innovation, we set the stage for a future where individuals have unmatched control over both their energy production and financial transactions. As we learn about the intersection of these two fields, we discover numerous opportunities to build a society that is more resilient, fair, and prosperous for everyone. Through collaboration and forward-thinking initiatives, we can harness the potential of solar power and cryptocurrency to create a world where sustainability, independence, and success go hand in hand, benefiting both people and the planet.

THOUGHTS …

  • Imagine we work to build Polkadot Headquarter, that is fullly operated by green energy, in which we are not only saving money, but operating blockchain process completely green (althought our main colour is pink)

-Not only we can offer projects in which our community, VCs, and nvestors can be part of, we can also create revenue from the projects, on blockchain and in real life as well, either by tokenization of GRWA (green real world assets), or by sharing revenue from electricity production. It can be sinergy between POS, POW.

  • With STARLINK internet and solar energy systems, now almost everyone in the world can acces Polkadot ecosystem, althought they are located in places where is no existing electric grid.

-Switzerland has become one of the most crypto-friendly countries in Europe, with laws around the trading and custody of assets and the classification of different types of tokens that many other countries are yet to introduce, and Bosnia and Herzegovina is country that is in huge need of electricy production to fulfill people needs and lower fossil fuels usage.

-With solar energy and blockchain in combination, there are no any wall that can stop it’s massive adoption. It’s like perfect combination that is at the same time short term and long term project that will not benefit only people who are part of the projects, but whole world, and other people, who are passively enjoying benefits of this collaboration.

YOUR THOUGHTS :point_down:

Thank you for your time :o:

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Hi Sakamu,

Thank you for sharing your perspective on combining solar energy with blockchain technology! I’m a fan of this topic since years as well and like how some mining businesses are using waste energy as source for bitcoin mining.

I think with Polkadot, we have a good differentiator with the ESG and regulatory compliance narrative to convince institutional investors about Polkadot, either as a platform or as an investment.

We also have an angle regarding attracting sustainable startups with our fast-grants program. However, because of their tight regulation, micro-grid projects have a problematic standpoint in Europe. Do you see any potential for those in Bosnia and Herzegovina?

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You are most welcome, I am happy to hear there are people in ecosystem thinking about energy transition.

In Bosnia and Herzegovina, there are still some smaller issues with regulations, but CBAM tax that is coming in 2026 for Europe soil is making things going faster than usual in Bosnia and Herzegovina. For example, quickest way to get all permissions, regulative, and to be align with country regulations for electricity and energy consumption/production is to spend all energy you can produce with your photovoltaic system, that’s the best possible option for cryptocurrencies, and that’s why investors are choosing Bosnia and Herzegovina.

Of course, there are options where your photovoltaic system can be 100% autonomous. And Yes, it’s without need of grid. This option is more expensive, due to batteries that can store produced energy, but at the end of the day, it’s 100% autonomous = 100% decentralized .

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I’m pleased to share that my self-hosted validator is primarily powered by solar energy, thanks to panels installed on my roof and a wall battery. As a related point of interest, I’m also a strong advocate for IPv6. It offers performance improvements of approximately 20% and, by bypassing NAT tables and simplifying routing, contributes to greater energy efficiency. Our RPC endpoints fully support IPv6.

Thus, it can be said that Polkadot & Kusama blocks computed at Helixstreet are highly likely to be 100% generated with green energy.

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How much KW is your plant, and how much your battery can store ?
That’s pretty interesting, going green is inevitable in almost all areas of production industries. Hopefully someone will recognize it as best case scenario for future regarding ROI and lowering carbon footprint and emissions.

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Cool project Aye for that

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