Elrond makes history as first carbon-negative blockchain in Europe

Elrond makes history as first carbon-negative blockchain in Europe
фото показано с : invezz.com

2021-8-6 17:42

Elrond announced that it has become carbon negative by offsetting more CO2 than its network accounts for, Invezz learned from the company’s press release. They are ushering in a new wave of highly scalable and energy-efficient blockchain innovations. Currently, the network has capacity of 15,000 transactions per second, scalable beyond 100,000 TPS. This constitutes a thousand-fold improvement in execution speed and throughput. At the same time, up to 6 million times less energy is required to process a transaction.

Elrond CEO Beniamin Mincu said:

“Humanity’s ability to progress beyond what we thought possible not so long ago can continue only if we are conscious about our impact on the environment and the next generations. Climate change is a serious challenge, but one we can decisively solve if we act immediately. By offsetting more CO2 that our blockchain is responsible for, we can stay ahead of ecosystem growth and make Elrond into a fertile ground for this generation of innovators to seed the foundations of a digital network of trust for the generations to come.”

Elrond blockchain generates 25% positive impact on the environment

Elrond partnered with Offsetra to stay ahead of the blockchain’s carbon footprint in line with its commitment to ensuring that its technology is making a positive contribution to the environment. Offsetra, an expert organization on sustainability, analyzed the energy consumption of more than 5,000 servers spread over tens of countries on six continents, the additional impact generated by product operations and development, and the network connecting them.

It emerged that Elrond’s blockchain generated 25% positive impact on the environment after observing that 6M kg CO2 footprint was offset by retiring carbon units of 7.4M kg CO2. Thus, the network has attained carbon negative status. This investment sets a precedent as the first in a verified green project.

Preventing negative impact over the long term

Taken in sum, the cost of damage inflicted on the environment by most blockchains and traditional financial institutions could ultimately have a negative impact over the long term. Thanks to the example set by Elrond’s carbon negative operations, the future could be decidedly more positive.

The post Elrond makes history as first carbon-negative blockchain in Europe appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Elrond (ERD) на Currencies.ru

$ 0.0194568 (+0.10%)
Объем 24H $2.382m
Изменеия 24h: 0.08 %, 7d: -0.86 %
Cегодня L: $0.019413 - H: $0.0194643
Капитализация $261.536m Rank 9999
Доступно / Всего 13.442b ERD

elrond blockchain company press release invezz learned

elrond blockchain → Результатов: 52


Фото:

Elrond (ERD) Mainnet Launch Date Revealed

Elrond CEO, Beniamin Mincu recently announced that the Elrond (ERD) mainnet would go live on July 30, marking a new phase for the scalable, Secure-Proof-of-Stake (SPoS) blockchain protocol. Elrond Mainnet Launch Date Revealed Elrond, a highly scalable enterprise-grade distributed ledger technology (DLT) project is poised to roll out its mainnet on July 30, 2020.

2020-7-6 18:07


Elrond and Neurolabs explore blockchain technology with retail automation

Elrond Network, a custom blockchain application platform, and Neurolabs, developers of automated machine vision retail checkout technology, today announced a research and development partnership. The two companies will focus on building solutions that leverage the advantages of computer vision and blockchain technology to enable meaningful automation in retail environments.

2020-1-30 21:55


Elrond ICO (ERD Token): Adaptive State Sharding & SPoS Blockchain?

Elrond Network is a scalable public blockchain that seeks to deploy a novel architecture that goes beyond typical scalability with their whole state sharding scheme. The sharding protocol eliminates energy and computational waste while also ensuring there is fair distribution through the Secure Proof of Stake (SPoS) consensus. Still, the structure will work in line […]

2018-6-30 22:13