The XRP Ledger is to become one of the first carbon-free blockchains. The news was announced today by the XRP Ledger Foundation, Ripple and Energy Web. The Foundation has purchased energy attribute certificates (EACs), similar to renewable energy certificates (RECs) to cover the power used by the network for the next year.
The certificates funnel money to renewable energy providers, subsidizing their electricity generation.
“With this announcement we’re turning the ‘blockchains use too much energy’ issue completely on its head by converting entire blockchain networks into direct investors in zero-carbon renewables,” said Walter Kok, CEO of Energy Web, the renewable energy blockchain organization.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
