Altcoins News

Story: Algorand (ALGO) Looks Green Greener and Greenest in Cryptocurrency Space

By James Thorp

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Steven Kokinos pointed to how Algorand offsets its minimal Carbon Footprint.

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With a PPoS consensus, Algorand is already carbon neutral, and is going a step further by achieving a carbon negative network through some of our partnerships.

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Currently there are three environmentally focused organizations leveraging Algorand. Global Carbon Holding is leveraging Algorand to tokenize carbon credit assets in Asia and…

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Planet Watchsas is leveraging Algorand to build the world’s first immutable air quality ledger.

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For clarity, Planetwatch decentralizes, incentivizes and gamifies air quality monitoring. They reinstate that “Your planet needs you.”

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Climate Trade is leveraging Algorand to power their global carbon marketplace. Their objective is to bring transparency and traceability into carbon markets and help companies…

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Through our partnership with Climate Trade, Algorand is able to leverage several projects that help to offset the low footprint of the network.

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For clarity, Climate Trade are a marketplace to reduce carbon emissions to achieve carbon neutrality. Their API allows the products to be carbon neutral.

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The Vichada Gold Standard Climate Project which is aimed at reforestation in the Orinoco Department in Colombia.

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The Sumatra Merang Peatland Project by ForestCO2 which aims to protect and restore the peatland ecosystem in Indonesia.

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Steven Kokinos pointed to a blog to know more about these use cases.

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The community are like:  Elon Musk should see this tweet. This is why for me, ALGO shines among other competitors.

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Developers like:  Don't forget about Gaiachain! We're building new tools with IUCN ON Algorand to support forest landscape restoration globally.

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Optimistically someone said, as we see the rise of importance of ECG ALGO being carbon negative along with its leading tech will make it prime for federal and institutional…

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Also, ALGO has low transaction fees, USDC & USDT, and is highly scalable, open-source, and forkless which is a priority for NFT.

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