The Emissions Trading Blockchain Powered by Carbon Neutrality
Blockchainization of Carbon Credits
Global Carbon Registry
Blockchain Carbon Account
DPoS + pBFT
ECO2 Ledger's consensus mechanism is based on DPoS, uses a trusted delegate election system to elect 21 Emission Reduction Nodes, and uses a practical Byzantine Fault Tolerance algorithm (pBFT) to ensure the consistency and security of chain development.
21 Emission Reduction Nodes (ER Nodes)
Election of ER Nodes are held every 30 days
New block is created every 10 seconds
1 ECO2 Token = 1 Vote
In order to maintain zero emissions of ECO2 Ledger, operations and blocks created by ER Nodes need to use carbon credits to offset the CO2 emissions generated by the blockchain network’s electricity consumption.
The ECC Token (ECO2 Carbon Credit) represents carbon credits on ECO2 Ledger
1 ECC Token = 1 gram of a carbon credit
The issuance of ECC tokens on ECO2 Ledger = The amount of real-world carbon credits purchased from the international market
Block creation and on-chain operations of ECO2 Ledger will consume ECC tokens to remain carbon neutral
Blockchain-based Emission Trading
Using blockchain technology, ECO2 Ledger provides a more convenient, more transparent and faster method for carbon trading.
Decentralized carbon market
Joint participation of individuals and enterprises
Direct transactions on the blockchain
Transparent and open carbon accounts and on-chain carbon neutrality record
Diversified use of carbon credits within Dapps
2016 Developed forestry carbon credit projects based on international carbon standards.
proposed the concept of ECO2 Ledger. Began designing a blockchain-based carbon trading market. Joined the UN-affiliated Climate Chain Coalition. Participated in COP24 in Katowice, Poland.
Invited by the World Bank to participate in Innovate4Climate and showcase our blockchain carbon trading concept.
Initiated cooperation with UNEP on sustainable development applications of blockchain technology.
In mid-November, released MyCarbon 1.0, a personal carbon account app with nearly 500,000 users.
Participated in COP25 in Madrid, Spain.
Researched distributed ledger technology and international carbon market applications.
Participated in INATBA’s EU Climate Action WG.
In mid-March, released MyCarbon 2.0 with more than 1 million users.
In-late April, released ECO2 Ledger testnet.
Scheduled EOC2 Ledger mainnet to launch at the end of the year.