CELO a Carbon Negative Blockchain

Celo pleased to shared that $CELO is a carbon negative Blockchain.

Blockchain technology doesn’t have to mean environmentally unfriendly. With thoughtful design and policy choices, it’s possible to merge the effectiveness of immutable, decentralized systems with environmental responsibility. This is Celo.

Celo’s commitment to being environmentally friendly goes beyond being POS. It began in 2020 with the intention of becoming the first carbon neutral platform by contributing daily offsets through the network protocol, making the operational resources powering the Celo platform carbon-negative from the get-go.

About Celo:

The Celo Foundation is a non-profit organization based in the US that supports the growth and development of the open-source Celo Platform. Guided by the Celo community tenets, the Foundation contributes to education, technical research, environmental health, community engagement, and ecosystem outreach—activities that support and encourage an inclusive financial system that creates the conditions for prosperity for everyone.

INFO:

https://medium.com/celoorg/a-carbon-negative-blockchain-its-here-and-it-s-celo-60228de36490