Srcful Simplified
First of all, it's important to know that Srcful is all about clean and sustainable energy. We believe that the world needs to move away from dirty fossil fuels and embrace green energy sources like solar and wind power. But we also know that the transition won't happen overnight and without challanges. That's where Srcful comes in.
"Srcful" is pronounced like "sourceful" with the emphasis on the first syllable.
The name "Srcful" is a play on the word "resourceful," reflecting the goal of the platform to enable individuals to take control of their energy resources and contribute to a more sustainable future. Additionally, the "Src" in "Srcful" represents our devotion as developers to the src-folder, which is the heart of any software project.
At its core, Srcful wants to enable the creation of a decentralized energy grid that is sustainable, efficient, and equitable for all. If you have solar panels on your roof, for example, you can use the Srcful Energy Gateway to connect to the network. The Gateway will measure how much energy you produce, and if it's validated as green energy, you'll get rewarded with SRC beta-tokens. By utilizing these tokens, you gain access to participate in the energy marketplace. As a token holder, you are granted the authority to influence decisions regarding the network's operations. Leveraging the power of Solana, we offer a variety of innovative services that enhance your experience with Srcful.
By clustering many small green energy sources such as Solar PV and Battery storage, the network can earn from helping stabilize the grid and prevent blackouts.
It's also worth noting that Srcful uses blockchain technology, which is a way to keep track of transactions and ensure they're secure. It might sound complicated, but think of it like a digital ledger that everyone can see and no one can cheat. Learn more about the core concepts below.
There is a common misunderstanding that Srcful is a peer-to-peer energy trading platform. However, it is important to clarify that while it enables the validation and rewarding of green energy production, it is not currently a platform for peer-to-peer energy trading. This may be a possibility in the future as we continue to develop and expand the capabilities of the platform
SRC beta-tokens and Cryptocurrencies
Cryptocurrencies are a type of digital currency that is secured by advanced computer encryption methods called cryptography. They are decentralized, which means that they operate independently of governments and financial institutions. Instead of being controlled by a central authority, cryptocurrencies rely on a network of computers and algorithms to maintain their security and integrity.
SRC beta-tokens is a utility token that can be earned by homeowners who connect their green energy producers to the Srcful network and contribute to a more sustainable energy system. Overall, SRC beta-tokens are a way for people to participate in the energy market in a new and innovative way.
Proof-of-Source (PoSRC)
Proof-of-Source is a way to prove that the energy you produce is green, and then get rewards for it. When you have solar panels or battery storage, you can connect them to the Srcful network through the Energy Gateway. The Energy Gateway will then measure how much green energy you produce and send that information to the Srcful network for validation.
If your green energy production is validated, you will get rewarded in SRC beta-tokens based on how much you produced and how much other people in the network produced. SRC beta-tokens is used for a range of energy services offered through Srcful for both the DER owners and Energy Companies.
By participating in PoSRC, you're not selling your energy to anyone. Instead, you receive rewards for connecting and validating your resources, as well as for your contribution as a green energy producer. This is the most basic form for you to join the Srcful network.
Proof-of-Control (PoCTRL)
As the integration of renewable energy production into the grid increases, the predictability of energy availability for the power grid becomes more uncertain. This unpredictability can pose challenges to the stability of the grid, which is crucial for ensuring consistent and reliable electricity access for everyone.
With Proof-of-Control, people who have renewable energy sources connected to Srcful can offer Energy companies the ability to control them for short periods of time, like a few minutes a few times per year. If you provide such a reserve, you get rewarded for every hour your reserve is available to support the grid's frequency, regardless of whether it's actually used or not. It's like being on standby; you're rewarded simply for being ready to help if needed. This means that Srcful creates the technical conditions to help balance the grid.
Ancillary Services is a massive and rapidly growing market, expanding explosively as the demand increases with the integration of more renewable energy production into the energy system.
The people who offer their renewable energy sources to be controlled by Srcful will get rewarded with SRC beta-tokens just as in Proof-of-Source. It's important to note that with Proof-of-Control, no one is selling their energy. Instead, people are offering the ability to help stabilize the power grid, and they get rewarded for that help.
The Srcful Energy Gateway
The Srcful Energy Gateway is a small device that connects your renewable energy source, such as solar panels, to the Srcful network. The hardware is intentionally kept simple to reduce costs and environmental impact. It measures key aspects of the energy system, such as energy, power, and frequency, and sends this data to the Srcful network for validation. By connecting your renewable energy source to the Srcful network through the Energy Gateway, you can help to create a more sustainable and decentralized energy system while earning rewards for your contributions.
Benifits for you?
Connecting to Srcful can provide ordinary households with several benefits, such as:
Get Rewarded: By connecting to Srcful, households with renewable energy systems can earn tokens for producing green energy.
Supporting the environment: By producing green energy, households can contribute to a more sustainable energy system and help reduce the carbon footprint.
Providing stability to the grid: By participating in the Srcful network, households can help to balance the grid by adjusting their energy generation and consumption according to real-time grid status. This can help to prevent power outages and ensure that the grid remains stable.
Joining a community: By connecting to Srcful, households become part of a larger community of like-minded individuals who are committed to sustainable energy practices. This community can provide support, advice, and inspiration to help households achieve their energy goals.