ECO2 Ledger

ECO2 Ledger is a public blockchain with zero emissions that will allow for the on-chain issuance of emission reduction assets. This process will be decentralized and autonomous, and will incentivize stakeholders to achieve carbon neutrality. ECO2 Ledger will feature emission reduction asset issuance mechanisms, a DPoS structure with 21 supernodes, a dual-token economic model, an on-chain voting system, an autonomous proposal system, on-chain carbon neutrality, and net-zero carbon emissions.

ECO2 Ledger's characteristics:

1. Delegated Proof-of-Stake (DPoS) 
   
ECO2 Ledger is a blockchain network based on the Delegated Proof-of-Stake (DPoS)   

   consensusmechanism. The network in total has 21 supernodes, which are responsible for       

   transaction verification, transaction accounting, transaction packaging, block packaging, block

   verification and other on-chain operations.

2. Zero Emission Mechanism

   The operations of ECO2 Ledger will consume electricity, which in turn will cause carbon dioxide

   emissions. The estimated annual carbon footprint of ECO2 Ledger is derived from two sources: the

   21 supernodes that validate the network every 10 seconds, and the activity of users. When users

   and nodes operate ECO2 Ledger, they will need to offset their emissions with carbon credits from

   their accounts to be considered 100% carbon neutral.

ECO2 Ledger's functions:

1. Global Carbon Registry
   ECO2 Ledger will allow carbon credits to be transferred from other carbon accounting systems.

   ECO2 Ledger will also become a carbon standard registry for the management of carbon credits

   and their corresponding project’s information. 

2. Carbon Account 
   ECO2 Ledger's blockchain-based Carbon Account is designed for both companies & individuals.

   Carbon Account information will be fully transparent, and operations can be performed via desktop

   and mobile device.

3. Carbon Transaction Record
   The transactions of carbon trading between each account will be timestamped and recorded on  

   ECO2 Ledger. This will make the transaction data transparent, traceable, and immutable to prevent

   the double-counting of carbon credits.

4. Carbon Neutrality Data Storage
    Data related to carbon neutrality will be recorded on ECO2 Ledger and displayed in the Carbon

    Neutral Pool. Companies, organizations and individuals can directly offset their carbon footprints

    on ECO2 Ledger via their carbon accounts on their digital devices. The transparency and

    immutability of the data will enhance the credibility of climate actions.

 

5. Decentralized APP
   ECO2 Ledger will enable the use of smart contracts and built-in contracts, which can diversify the

   use of carbon credits and environmental tokens. Any company, organization and individual can

   design applications based on ECO2 Ledger for use on desktops or mobile devices.