Energy Web is Rocky Mountain Institute-backed and they are launching EW Zero, which provides technology solution that is applicable to all block chains.
XRP Ledger Foundation tweeted: Excited to partner with Energy Web and Ripple to lead crypto and Blockchain towards a sustainable future! With EWZero, the XRPL is now carbon-free.”
Thus, XRP Ledger Foundation, Ripple, and Energy Web have announced the World’s First Decarbonized Blockchain.
The De-carbonization of the XRP Ledger is a move for dealing with a significant environmental challenge for the blockchain technologies from across the world. This is indeed a pioneering innovation. This has been made possible by making use of a technology from Energy Web.
This has come at a point in time when Blockchain Technologies are facing lot of challenges in the process of decarbonizing their energy use. The distributed nature of the communities and their computational processing power are one reason for why it is more challenging.
Giant technological companies who have in house data processing centers are able to ensure clean energy with ease than in a distributed system.
Sydney Ifergan, the crypto expert tweeted: “I am impressed by how Ripple (XRP) is talking about implementing Zero-Carbon Electricity. Really?”
Energy Web is providing an open-source application, called EW Zero, which enables for individuals, businesses, or even an entire blockchain ecosystem to transition to verified zero-carbon electricity.
Medium states that, “This announcement demonstrates a path towards zero-carbon operation for all block chains.”
Energy Web is now providing a very positive approach to help with clean climate and clean energy.
Bharath Chari at XRP Ledger Foundation, stated, “While the XRP Ledger is already one of the greenest blockchains in the world, we are taking one step further to be the first blockchain that is fully decarbonized thanks to our partnership with Energy Web Foundation.”
Brad Garlinghouse, CEO of Ripple stated, Energy Web and its ecosystem of more than 100 major energy companies globally to make ‘green blockchains’ the new de facto standard for the distributed ledger industry will play a key role in building a sustainable future for all.
Walter Kok, CEO of Energy Web expressed, as the world economy transitions to low-carbon energy, we now have in sight the possibility that every transaction, every smart contract, running on any blockchain network worldwide, could be powered 100% by affordable, verified renewable energy with zero emissions.
By converting the entire blockchain networks in to direct investors in to zero-carbon renewables, the idea of blockchain using too much energy is getting dealt with.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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