EOS Network Foundation has made history by becoming the first “climate-positive” blockchain network. The achievement was made possible through a partnership between EOS Network Foundation (ENF) and Upland, a Web3 platform for the metaverse.
Previously, the EOS Network was already a carbon-neutral blockchain. However, this new collaboration takes it a step further by making it “climate positive.” This achievement is significant considering the growing focus on environmental sustainability across the blockchain industry, even amongst proof-of-work blockchains like Bitcoin.
EOS operates on a proof-of-stake (PoS) consensus mechanism, which already makes it more energy-efficient compared to proof-of-work blockchains. By becoming “climate positive,” EOS goes beyond achieving net-zero carbon emissions. The network now actively removes extra CO2 from the atmosphere and offsets all carbon dioxide produced on the platform with carbon credits.
In addition to offsetting emissions, the partnership between ENF and Upland will also focus on sustainable projects and promote other green practices such as afforestation. The aim is not only to reduce the carbon footprint but also to contribute to wider efforts in combating climate change.
This achievement by EOS Network Foundation sets a precedent in the blockchain industry and highlights the potential for blockchain networks to prioritize environmental sustainability. It showcases that blockchain technology can align with green initiatives and make a positive impact on the environment.
As the world continues to transition towards more sustainable practices, the success of EOS in becoming “climate positive” serves as an inspiration for other blockchain networks to prioritize eco-consciousness. The collaboration between EOS Network Foundation and Upland sets a positive example for the industry, promoting sustainability and encouraging the adoption of green energy practices.
Overall, this milestone achieved by EOS Network Foundation further solidifies the blockchain industry’s commitment to addressing climate change and highlights the potential for blockchain networks to make a positive environmental impact. By becoming the first “climate-positive” blockchain network, EOS has set a new standard for others to follow, contributing to the industry’s overall sustainability efforts.