Making crypto conscious
It’s no secret that blockchains use expansive amounts of energy to ensure the integrity and decentralization of their networks. While proof-of-work structures leave the biggest footprint, even more energy-efficient consensus mechanisms such as proof-of-stake contribute to emissions. The resulting problem is two-fold: Cryptocurrency weighs heavily on the planet, while also suffering from negative perceptions.
The next phase of crypto
Both of these pain points can be addressed by embedding carbon footprinting and removal directly into the product or smart contracts, enabling exchanges, non-fungible token platforms, decentralized finance protocols, and asset managers to deliver carbon-neutral experiences.