Ethereum Climate Platform launches to address the network's prior PoW emissions

Ethereum Climate Platform launches to address the network’s prior PoW emissions


Months after the Ethereum Merge, where the network shifted to the more eco-friendly proof-of-stake (PoS) consensus, the Ethereum community is now shifting its focus to redress the network’s former proof-of-work (PoW) carbon emissions since its launch. 

At the COP27 climate action event, Web3 firms, civil society leaders and the United Nations Framework Convention on Climate Change (UNFCCC) announced the formation of the Ethereum Climate Platform (ECP) that aims to counteract the carbon footprint of the Ethereum network since it launched in 2015.

Led by software company ConsenSys and climate-focused blockchain firm Allinfra, the founding members of the coalition includes a number of organizations, including Microsoft, Polygon, Aave, Enterprise Ethereum Alliance, Global Blockchain Business Council (GBBC), Huobi and Laser Digital.

Trending: Fake News Media Complains about Elon Musk’s Twitter Crackdown on Illicit Sexual Content

Using Web3 technologies, funding mechanisms and governance

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend